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America Securities Capital Partners in $335m recycled energy deal

21/10/2003Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityAmerican Securities Capital Partners is to acquire the six operating subsidiaries of energy recycler Primary Energy in a $335m deal.

Primary Energy consists of six facilities that generate 900 megawatts of electricity and thermal energy by recycling blast furnace gas and wasted heat from coke ovens and gas-driven power generation.

‘We are fortunate to be able to partner with this experienced team to acquire distributed power-generation assets,' said Michael Fisch, president of American Securities Capital Partners.

American Securities Capital Partners is the private-equity investment arm of American Securities, a family office founded by William Rosenwald in 1947, to manage his share of the Sears Roebuck fortune. The firm has more than $1bn under management.

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