34.253.235.154

Vauban Infra expands to US with district heating and cooling buyout from Basalt Infrastructure

48

Vauban Infrastructure Partners has agreed to buy a portfolio of eight district cooling and heating systems across the Northeast US and Michigan from Basalt Infrastructure Partners.

DB Energy Assets and Beacon Energy Holdings currently operate across six states, providing reliable, sustainable, and cost-efficient sources of energy solutions to a diverse customer base including universities, urban centers, hospitals, and commercial and industrial customers.

After the buyout Vauban will partner with DCO Energy, which will continue to operate and maintain the facilities under a long-term contract.

The acquisition expands Vauban’s global footprint to the US, following the firm picking up interests in five assets totaling about $2.2bn in enterprise value in Finland, France, Italy, Norway, and Spain.

Gwenola Chambon, CEO and founding partner at Vauban Infrastructure Partners, said, “Through this landmark transaction, Vauban Infrastructure Partners enters into the US district energy market.

“This acquisition will allow Vauban to leverage its considerable experience in the European district energy market and is an important first step for Vauban in building a sustainable, long-term platform in the US.”

Paris-headquartered Vauban has raised about $7.3bn across six funds in core infrastructure.

Copyright © 2022 AltAssets

Get the latest PE News & Research delivered to your inbox every morning