Solaris Energy Infrastructure closes Genco Power Solutions acquisition for USD 240 million cash

Reuters05:31

Solaris Energy Infrastructure closes Genco Power Solutions acquisition for USD 240 million cash

Solaris completed the acquisition of Genco Power Solutions, a distributed power generation company expected to add 400 MW of incremental capacity between 2026 and 2028. At closing, Solaris paid about USD 240 million in cash and issued about 4 million Class A shares valued at about USD 215 million. Solaris also assumed about USD 165 million of indebtedness and expects additional payments of about USD 935 million over the next three and a half years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solaris Oilfield Infrastructure Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260316274232) on March 16, 2026, and is solely responsible for the information contained therein.

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