Globenewswire·2026-01-05 21:20Core Insights - Quantum Capital Group has entered into definitive agreements to sell approximately 90% of Cogentrix Energy's modern natural gas generation assets to Vistra Corp for about $4.7 billion, while retaining ownership of the Cedar Bayou 4 plant [1] Company Overview - Cogentrix Energy is a leading independent power producer with over four decades of experience, providing approximately 5.5 gigawatts of capacity across various regions in the U.S. [2][7] - The company operates modern natural gas generation facilities in PJM, ISO New England, and ERCOT, contributing to a reliable and cost-efficient electricity supply [2] Market Context - Quantum acquired Cogentrix with the belief that demand for clean, dispatchable generation had reached a critical point, supported by record U.S. electricity demand driven by data center expansion and industrial growth [3] - The domestic power sector is experiencing unprecedented investment levels, highlighting the value of dependable power assets like those owned by Cogentrix [3] Transaction Details - The transaction is expected to close in mid-to-late 2026, pending regulatory approvals from the Federal Energy Regulatory Commission, the Department of Justice, and certain state regulators [4] - Evercore is the exclusive financial advisor for Cogentrix, while Goldman Sachs is serving as the exclusive financial advisor for Vistra [5] Strategic Importance - Quantum's CEO emphasized the successful partnership with Cogentrix and the importance of dependable power generation, indicating confidence in Vistra's ability to create long-term value [4] - The partnership has been crucial in advancing Cogentrix and preparing it for its next phase under Vistra [4]