Engagements

CRA’s utility due diligence analysis supports $33.4 billion global power company acquisition

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CRA’s Energy experts provided regulatory and commercial due diligence, along with capital program forecasting, focused on AES’s regulated utility businesses, in support of a consortium led by Global Infrastructure Partners (GIP), part of BlackRock, in its acquisition of AES Corporation. 

The announced transaction represents a total equity value of $10.7 billion, and an enterprise value of approximately $33.4 billion, including the assumption of existing debt. 

The transaction is expected to be completed in late 2026 or early 2027, subject to regulatory approvals.  

CRA’s  Dean Koujak,  Dmitry BalashovChris Nagle, and Mayank Saraswat led the due diligence efforts supporting GIP.