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BlackRock to acquire AES Corporation's utilities

PUBLIC · BLKAug 15, 2026about 18 hours ago

Acquiring Company

BlackRock

Acquired Company

AES Corporation

New YorkScotlandFinanceFintechEnergyRenewable EnergySolar

Description

BlackRock has announced its intention to acquire AES Corporation, the parent company of AES Ohio, in a $10 billion deal. The acquisition aims to provide AES with urgently needed capital amidst rising electricity demand. Following the deal, BlackRock will control 57% of the company, marking a significant expansion into the infrastructure sector. The acquisition must still receive approval from regulators.

Company Information

Company

BlackRock

Location

New York, New York, United States

About

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired AES Corporation?

AES Corporation was acquired by BlackRock, based in New York. The deal was reported on August 15, 2026. BlackRock’s purpose is to help more and more people experience financial well-being. BlackRock is publicly traded (BLK) and operates in Finance.

When did BlackRock acquire AES Corporation?

BlackRock's acquisition of AES Corporation was reported on August 15, 2026. BlackRock has announced its intention to acquire AES Corporation, the parent company of AES Ohio, in a $10 billion deal. The acquisition aims to provide AES with urgently needed capital amidst rising electricity demand. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AES Corporation do?

The AES Corporation is a Fortune 500 global energy company accelerating the future of energy. Together with its stakeholders, AES is improving lives by delivering greener, smarter energy solutions the world needs. It is publicly traded (AES), operating in Energy, and is based in Scotland.

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