Alternative asset manager Blackstone announced announced an agreement to acquire Shermco, a provider of full lifecycle electrical equipment services, from Gryphon Investors, forming part of a continuing focus on energy transition and electrification opportunities.. The deal values Shermco at approximately $1.6 billion. Founded in 1974, Texas-based Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing…
By Glenn Todd, Principal, National Tax Leader, Power and Utilities, KPMG US; Jeffrey Dodson, Tax Market Leader, National Tax Industry Leader – Oil & Gas, KPMG LLP; Julie Chapel, Managing Director , Washington National Tax, KPMG US The recently enacted “One Big, Beautiful Bill Act” will bring about substantial changes to sectors across the economy, particularly the energy industry. As…
Google, nuclear technology company Kairos Power, and the Tennessee Valley Authority (TVA) announced a new collaboration to deliver advanced nuclear energy to Google data centers in the US. Under the deal, TVA will purchase power from Kairos Power’s Hermes 2 plant in Tennessee, which will deliver up to 50 megawatts (MW) of 24-hour energy to the TVA grid. Google will…
It has been a tough period for responsibly managed investments funds. The multi-asset investment universe has been no different and we have seen outflows across many strategies. The advent of the FCA’s long awaited policy statement, Sustainability Disclosure Requirements (SDR) and investment labels, has meant we have seen managers close funds, deemed sub-scale, and where they see the opportunity for…