KKR acquires EDF Power Solutions in US and Canada for $4 billion

Type: Acquisition · Technology: Nuclear · Country: United States, Canada · Value: $4B · Announced: 2026-07-02

Private equity giant KKR & Co. Inc. completed the acquisition of EDF Power Solutions, the North American arm of France's EDF SA, for $4 billion. The transaction covers EDF's nuclear power generation and maintenance operations in the US and Canada, including a fleet of nuclear reactors and associated infrastructure. EDF Power Solutions operates multiple nuclear facilities, providing baseload power and grid stability services across both countries. The deal positions KKR as a major player in North America's nuclear energy sector, a strategic move amid growing interest in clean energy baseload solutions. KKR outbid rivals including Brookfield Asset Management and Blackstone in a competitive auction process that lasted several months. Goldman Sachs and Lazard advised EDF on the sale, while KKR's in-house team led the acquisition.

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