GIP and EQT to buy power and utility firm AES
By Katie Fehrenbacher
Published on March 2, 2026.
A consortium led by BlackRock's Global Infrastructure Partners and EQT Partners has agreed to acquire a majority stake in the power and utility company for $33.4 billion. This is one of the largest M&A deals in recent years and shows that private equity is becoming a key player in energy infrastructure.
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