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Constellation acquires Rhode Island Energy Center for $715M
PRIVATESep 12, 2026•about 3 hours ago
Acquiring Company
Constellation
Acquired Company
RISEC Holdings
Rhode IslandCommerce And ShoppingHealth CareEnergyRenewable EnergySolar
Description
Constellation has agreed to acquire RISEC Holdings, LLC for $715 million, enhancing its power generation portfolio in the ISO New England market. The acquisition is expected to be immediately accretive to operating earnings and aligns with Constellation's capital allocation strategy. The Rhode Island State Energy Center, with a capacity of 609 megawatts, will add flexible generating capacity to Constellation's existing operations. This move underscores the company's commitment to reliable energy solutions in New England.
Company Information
Company
Constellation
About
Constellation is a growing portfolio of MPL insurance and partner companies working Together for the common good®. Formed in response to the ever-changing realities of health care, Constellation is dedicated to reducing risk and supporting physicians and care teams, thereby improving business results. Constellation and member companies MMIC, UMIA, Arkansas Mutual and MMIC Risk Retention Group hold an “A” (Excellent) financial strength rating from AM Best. Visit ConstellationMutual.com
About Michigan Professional Insurance Exchange
Michigan Professional Insurance Exchange (MPIE) provides exceptional medical professional liability coverage, claims handling and risk reduction, and patient safety services. ERC Risk Solutions is a subsidiary of MPIE providing customized risk management services nationwide. MPIE is based in Grand Rapids, Michigan. MPIE employs over 30 people and has annualized gross written premiums of approximately $23 million.
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Strategic
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70% of M&A integrations take 12-24 months to complete
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Frequently asked
Who acquired RISEC Holdings?
RISEC Holdings was acquired by Constellation. The deal was reported on September 12, 2026. Constellation is a growing portfolio of MPL insurance and partner companies working Together for the common good®. Constellation is privately held and operates in Commerce And Shopping.
When did Constellation acquire RISEC Holdings?
Constellation's acquisition of RISEC Holdings was reported on September 12, 2026. Constellation has agreed to acquire RISEC Holdings, LLC for $715 million, enhancing its power generation portfolio in the ISO New England market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RISEC Holdings do?
RISEC Holdings, LLC (RISEC) owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant outside Providence, Rhode Island. It is privately held, operating in Energy, and is based in Rhode Island.
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Rhode IslandCommerce And ShoppingHealth CareEnergyRenewable EnergySolar