Stonepeak has forged a partnership with Longview Infrastructure, a new platform dedicated to the build-out of electric transmission infrastructure projects, as growing demand for capacity sparks new investment opportunities.
Longview Infrastructure, based in St. Louis, focuses on developing and investing in electric transmission projects in the US. It was launched in 2024 by industry veterans Eric Hayes and Ben Sumers, who are alumni of LS Power and NextEra Energy Transmission, according to a statement issued Monday.
The firms will work together to originate, build and operate electric transmission projects. As part of the agreement, Stonepeak has also made an equity investment in Longview. Further financial terms were not disclosed.
The collaboration comes at a time when soaring power consumption—particularly driven by data center development—and the global transition to cleaner energy sources spur investments in expanding capacity and building more reliable transmission systems in the US.
Transmission infrastructure, which serves as the backbone of the power system, includes power lines, substations and other facilities that carry electricity from power generation sites to local distribution points.
PE dealmaking in the broader energy infrastructure sector, which includes transmission lines, power generation plants, pipelines and related assets, got off to a robust start in 2025. Through March 24, the sector saw $5.36 billion worth of PE transactions inked globally, the highest since Q1 2022, according to PitchBook data.
Stonepeak enlisted Sidley Austin as its legal adviser, while Vinson & Elkins acted as legal advisor to Longview.
Featured image by Ali Majdfar/Getty Images
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