According to Reuters, Marathon Holdings (MARA.O) is acquiring Long Ridge Energy & Power from FTAI Infrastructure (FIP.O) for $1.5 billion, including debt assumption. The deal includes taking on approximately $785 million in existing debt, with Long Ridge’s power assets generating an estimated $144 million in adjusted annual earnings. The acquisition is expected to close later in 2026, pending regulatory approvals including from the Federal Energy Regulatory Commission (FERC).
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