ProEnergy, a Sedalia, Missouri-based aeroderivative gas turbine company, is targeting a valuation of $40-50 billion in a US initial public offering. Morgan Stanley and JPMorgan Chase are leading the IPO process. Energy Capital Partners, an infrastructure-focused private equity firm, acquired a majority stake in ProEnergy in September 2024. The company operates 2.4 gigawatts of contracted peaking power plants in Texas and maintains a global turbine repair and maintenance business. Plans remain preliminary with no timeline announced.
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