Quantum Capital Group to acquire Cogentrix from The Carlyle Group for $3bn.

Quantum Capital Group, a Houston, Texas-based private equity firm focused on the energy industry, agreed to acquire Cogentrix, an independent power producer, from The Carlyle Group, an American multinational private equity, alternative asset management and financial services corporation, for $3bn. "We are at a critical juncture in the evolution of the domestic power market. Electricity demand is rapidly increasing thanks to explosive growth in data centers and AI, the reshoring of manufacturing, and the electrification-of-everything. This growth is occurring at the same time our grid is becoming more unstable with additions of intermittent renewable power and continued retirements of coal-fired generation. Now more than ever, we need reliable and efficient power infrastructure. This is what the Cogentrix assets provide," Wil VanLoh, Quantum Founder and CEO.