March 11 (Reuters) - Private markets firm Ara Partners

said on Wednesday its energy unit will buy Gate City Power and

Gate City Renewable Fuels portfolios from HF Capital while also

picking up an interest in the JET retail network for a total of

about $875 million.

The acquisition adds roughly 2.2 gigawatts (GW) of

thermal-generation assets, 400 million gallons a year of ethanol

production and about 970 fuel stations in Germany and Austria to

Ara's portfolio.

The transaction will be financed with equity from funds and

co-investment vehicles managed by Ara and its affiliates and is

expected to close in early 2026.

Ara Partners is a global private markets firm focused on

decarbonizing the industrial economy. It had about $6.6 billion

in assets under management, as of September 30.