Friday, France Vauban Infrastructure Partners, A subsidiary of Investment managers at Natixis earmarked for equity investments in sustainable core infrastructure, announced that it is entering the US energy market, by acquiring a stake in DB Energy Origins (DBEA) And beacon energy holding (Also known as Detroit Thermal), which collectively owns eight cooling and heating systems throughout Northeastern United States and Michigan. sellers are Basalt Infrastructure Partners And DCO . energy.
The range of district cooling and heating systems varies by location, technology and customer, with operations spanning six states, serving a client base that includes universities, urban centers, hospitals, and commercial and industrial customers.
Following completion of the acquisition, Vauban will partner with DCO Energy, which will continue to operate and maintain the facilities under a long-term contract. DCO Energy will also support the Vauban team with goals to reduce its carbon footprint and continue investing in the development and expansion of facilities and the asset base. DCO Energy is an industry-leading developer and operator with facilities management experience, having led the development and/or acquisition of facilities in the Northeast and has operated these facilities following the development or acquisition.
In a statement announcing the deal, Vauban said the acquisition will expand its global presence to United State and demonstrate its strong commitment to sustainability, while building on its significant experience in owning and managing energy systems in the region. Vauban believes there is an opportunity to significantly expand the portfolio’s customer base while reducing the facilities’ environmental impact over time.
Vauban says the deal will also enhance its significant experience in the power and heating sector in the region, a vertical sector in which it has actively invested since 2016. Vauban currently has controlling stakes in five assets, totaling About $2.2 billion In the project value in FinlandAnd FranceAnd ItaliaAnd Norway, And Spain. The deal is an echo of Vauban’s strategy to build long-term relationships with industrial partners. Vauban benefited from the support of its three local advisors and experts (Leoni Marouani, Stephen Klein, And Olivier Ta) with a combined experience of over 60 years in the North American infrastructure market.
“With this landmark transaction, Vauban Infrastructure Partners is entering the US district energy market. This acquisition will allow Vauban to leverage its significant experience in the European district energy market, and is an important first step for Vauban in building a sustainable and long-term platform in the United States,” Vauban CEO and Co-Founder Gwenola shampoo He said.
Executive Vice President and Co-Founder added: “This pioneering acquisition in the US district energy market expands our global energy transition and energy footprint in the region.” Mounir Qurm. “Vuban is pleased to strengthen its presence in district heating networks and support their development in the United State, through a long-term collaboration with DCO Energy, which is in line with our strategy to build long-term relationships with industrial partners.”
“Over the past few years, in partnership with Basalt, we have invested significantly and expanded our portfolio of energy assets in the region. We are excited about our new long-term partnership with Vauban Infrastructure Partners, and look forward to continuing to provide reliable services to clients, support the communities in which we operate, and participate in development Continuing the company and its facilities, “DCO Energy CEO Gary Fromer He said.
So far, Vauban has raised some $7.3 billion from more than 70 investors Across six core infrastructure funds covering 14 different countries. Its funds have invested in nearly 65 assets in the areas of mobility, energy transformation, and social and digital infrastructure across 11 different geographies.