# Partners Group to acquire Middle River Power and 1.9 GW gas plant portfolio for $2.2B

Partners Group agreed to acquire a 1.9 GW portfolio of 11 natural gas power plants in California and Middle River Power from Avenue Golden Continuation Fund for an enterprise value of $2.2 billion. The portfolio includes nine simple-cycle peaking facilities and two combined-cycle gas turbine plants.

- Type: Acquisition
- Announced: 2025-03-18
- Where: California, United States
- Value: $2.20B
- Status: announced
- Capacity: 1.9 GW
- Products: natural gas power generation, battery energy storage systems
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Partners Group](https://endata.com/companies/3553.md) (acquirer)
- [Middle River Power](https://endata.com/companies/36981.md) (target)
- [Avenue Golden Continuation Fund, L.P.](https://endata.com/companies/83579.md) (partner)

## Sources

- [placera.se](https://www.placera.se/pressmeddelanden/partners-group-to-acquire-middle-river-power-and-a-1-9-gw-portfolio-of-natural-gas-power-plants-in-the-us-2025-03-18), 2025-03-18: "The portfolio benefits from thematic tailwinds, including demand growth and the increasing penetration of intermittent renewables."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.