Madison Energy Investments

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Stonepeak Infrastructure Partners
Madison Energy Investments
EQT Infrastructure
Our Role Sell-Side Advisor

Summary

KeyBanc Capital Markets (KBCM) represented Stonepeak Infrastructure Partners (Stonepeak) on the sale of its portfolio company Madison Energy Investments (Madison or the Company) to EQT. KBCM served as Sell-Side Advisor on the transaction.

Madison was founded in 2019 to acquire, build, own, and operate distributed renewable energy projects including commercial, industrial, and community solar and energy storage. Since inception, the Company has aggregated a nationwide portfolio of 386 MW. Madison is accelerating the energy transition by bringing solar energy generation and energy storage to universities, distribution centers, data centers, and other commercial, municipal, and industrial customers across North America. By developing, acquiring, and operating distributed generation assets, Madison is paving the way for customers in the public and private sector to recognize environmental goals.

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $53.4 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include transport and logistics, communications, water, energy transition, and power and renewable energy. Stonepeak is headquartered in New York with offices in Houston, Austin, Hong Kong, London, Sydney and Singapore.

EQT is a purpose-driven global investment organization with EUR 114 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership.

Recent Deals

July 2026

us fertility

$1.068 Billion

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner
Administrative Agent

us-fertility-senior-secured-credit
July 2026

Forgent Power Solutions, Inc.

$2.5 Billion

Follow-On Offering

Joint Bookrunner

forgent
June 2026

smileamericapartners

acquired by

kaltroco

Sell-Side Advisor

smile-america-partners-kaltroco
June 2026

California Resources Corporation

$550 Million

Senior Notes

Joint Bookrunner

california-resource
June 2026

nutrisense

acquired by

dexcom

Financial Advisor

nutrisense-dexcom
May 2026

vsp

$500 Million

5.4% Senior Notes Due 2033

$500 Million

5.65% Senior Notes Due 2036

Active Joint Bookrunner

vsp-issues-public-bonds
May 2026

seatgeek

$200 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

seatgeek
May 2026

Forgent Power Solutions, Inc.

$2.3 Billion

Follow-On Offering

Joint Bookrunner

forgent-power
May 2026

elevate infrastructure

a portfolio company of

arclight capital

$173.4 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Administrative Agent
Collateral Agent
Depository Bank

elevate-infrastructure
May 2026

National Fuel Gas Company

$500 Million

Senior Notes due 2029

$500 Million

Senior Notes due 2031

$500 Million

Senior Notes due 2036

Co-Manager

national-fuel-gas
May 2026

spg

$24 Million

Term Loan, Delayed Draw Term Loan, Revolving Line of Credit, Equipment Finance Line

Sole Lender

shared-practices-group
May 2026

pbf energy

$500 Million

Senior Notes

Co-Manager

pbf-energy
May 2026

flatiron search partners

Line of Credit

Sole Lender

flatiron-search-partners
May 2026

harvest midstream

$1 Billion

Senior Notes

Joint Bookrunner

harvest-midstream
May 2026

tokkion

acquired by

siris

Senior Secured Credit Facilities

takkion-group
May 2026

delek

$800 Million

Senior Notes

Co-Manager

delek-logistics-partners
May 2026

virtus

$200 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Administrative Agent

virtus-real-estate-enhanced
April 2026

diversified energy company

$1.5 Billion

Senior Secured Credit Facility

Administrative Agent
Coordinating Lead Arranger
Sole Bookrunner
Joint Lead Arranger

diversified-energy
April 2026

the queen senior

The Queen Senior

Construction Loan

queen-senior
April 2026

the meadow on seneca

The Meadow on Seneca

$14.8 Million

Construction Loan

meadow-on-seneca
April 2026

yesway

$322 Million

Initial Public Offering

Joint Bookrunner

yesway
April 2026

lakeview at westpark

Lakeview at Westpark

$54 Million

FHA (Fixed-Rate Loan)

lakeview-at-westpark
April 2026

redding rancheria

$80 Million

Senior Secured Credit Facilities

Structuring Agent
Sole Lender

redding-rancheria
April 2026

caturus

$600 Million

Senior Notes

Joint Bookrunner

caturus-energy
April 2026

moosilauke vision

$30 Million

Term Loan & Revolving Line of Credit

Hedge Provider
Treasury Services

moosilauke-visions
March 2026

bcdsk

affiliated with

highmark

Financial Advisor

blue-cross-blue-shield-kansas-city
March 2026

wallkill living center

Wallkill Living Center

Equity Bridge Loan and LIHTC Equity

wallkill-living-center
March 2026

palm villas in red bluff

Palm Villas in Red Bluff

$32.7 Million

Construction Loan, Permanent Loan, and KCBM Swap Contract

palm-villas-red-bluff
March 2026

forgent

$1 Billion

Follow-On Offering

Joint Bookrunner

forgent-power-solutions
March 2026

modbox storage - piedmont

ModBox Storage - Piedmont

$7.1 Million

CMBS Fixed-Rate Loan

modbox-storage-piedmont
March 2026

andesa

acquired by

terminus

Exclusive Buy-Side Advisor

terminus-capital-partners
March 2026

dme express

acquired by

palladium equity partners

Sell-Side Advisor

dme-express-acquired-by-palladium-equity-partners

Connect With Us

Find an Expert