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Sizable PE-backed video gaming transactions ahead, says Drake Star; Allied Industrial-backed CES Power completes three deals in Ireland

Reported by PE Hub
Apr 24, 2026· 2 min read
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Key Takeaways
  • • CES Power, backed by Allied Industrial, has completed three acquisitions in Ireland: GH Energy Rental, Event Power, and Purecore, expanding its footprint in the energy rental sector.
  • • Drake Star Partners has signaled significant PE-backed video gaming transaction activity ahead, indicating robust M&A momentum in the gaming vertical despite current market conditions.
  • • The CES Power deal completion represents a strategic consolidation play in the specialized energy rental market, combining complementary operational assets across three distinct entities.
Summary
CES Power, the Allied Industrial-backed energy rental platform, has closed three separate acquisitions in Ireland, marking a continued expansion of its operational footprint in the European market. The completed transactions—encompassing GH Energy Rental, Event Power, and Purecore—demonstrate the sponsor's commitment to building scale within the critical energy rental and power solutions sector through bolt-on acquisition strategy.

The three-deal completion by CES Power reflects the broader consolidation trend within specialized industrial services, where PE-backed platforms leverage add-on acquisitions to achieve operational synergies and market consolidation. By combining these three Irish entities, CES Power appears positioned to capture expanded market share while optimizing cost structures and service delivery capabilities across a wider geographic and operational footprint.

Separately, Drake Star Partners has identified sizable PE-backed video gaming transactions on the horizon, signaling that the gaming sector remains an active M&A venue for institutional capital. This outlook suggests that despite macroeconomic headwinds, private equity sponsors continue to identify strategic consolidation opportunities and growth platforms within the gaming vertical, where digital transformation and audience engagement metrics continue to drive valuations and deal thesis development.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

PE Hub Sizable PE-backed video gaming transactions ahead, says Drake Star; Allied Industrial-backed CES Power completes three deals in Ireland