PSEG Fossil, a wholly-owned subsidiary of PSEG Power, has acquired a Prince George’s County, Maryland, power plant project. The project was acquired from Genesis Power LLC and a private equity fund managed by Ares EIF Management LLC. PSEG Power is a subsidiary of Newark-based Public Service Enterprise Group Inc. (PSEG). Financial terms of the deal were not disclosed.
SBG Acquired by Insurance Brokerage Provider
Arthur J. Gallagher & Co., a Itasca, Illinois, provider of insurance brokerage and risk management services, has acquired Montvale, New Jersey-based Solid Benefit Guidance LLC (SBG). Solid Benefit Guidance is a privately held pharmacy benefit management and employee-benefits consulting firm. Terms of the deal were not disclosed.
Uniform Manufacturer Acquires SPG
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