Vistra Corp. acquires Cogentrix Energy portfolio

Type: Acquisition · Technology: Gas, Other · Country: United States · Value: $4B · Announced: 2025-04-15

Vistra Corp. signed definitive agreements to acquire Cogentrix Energy's portfolio of 10 natural gas generation facilities totaling approximately 5,500 MW for a net purchase price of about $4.0 billion, consisting of ~$2.3 billion cash, ~$0.9 billion in Vistra stock and assumption of ~$1.5 billion of debt, announced 2026-01-05.

Counterparties

• Cogentrix Energy (owned by funds managed by Quantum Capital Group) (Seller)
• Quantum Capital Group (Seller)
• Vistra Corp (Buyer)

Source article

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