M&A Deal Summary

Aggreko Acquires Infiniti Energy

On July 8, 2024, Aggreko acquired renewable energy company Infiniti Energy from Upper Bay Infrastructure Partners

Acquisition Highlights
  • This is Aggreko’s 1st transaction in the Renewable Energy sector.
  • This is Aggreko’s 8th transaction in the United States.
  • This is Aggreko’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-07-08
Target Infiniti Energy
Sector Renewable Energy
Buyer(s) Aggreko
Sellers(s) Upper Bay Infrastructure Partners
Deal Type Add-on Acquisition

Target

Infiniti Energy

Howell, New Jersey, United States
Infiniti Energy is an innovative, full-service solar power developer. The company specializes in the development and acquisition of commercial and industrial solar assets in both the src and private sector nationwide. Infiniti Energy was founded in 2015 and is based in Howell, New Jersey.

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Buyer(S) 1

Buyer

Aggreko

Dumbarton, United Kingdom
Category Company
Founded 1962
Sector Test/Measurement Equipment
Employees6,000
Revenue 1.4B GBP (2020)
DESCRIPTION

Aggreko is a global provider of mobile modular power, temperature control and energy services, including micro grids and remote monitoring, to commercial and industrial customers serving multiple end markets across operations in 80 countries. Aggreko was founded in 1962 and is based in Dumbarton, United Kingdom.

DEAL STATS #
Overall 15 of 15
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (New Jersey) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 Resolute Industrial

Indianapolis, Indiana, United States

Resolute Industrial is an independent provider of specialty HVAC&R rental services, compressor remanufacturing, and refrigerant storage solutions for mission critical applications across North America. Resolute Industrial was founded in 2015 and is based in Indianapolis, Indiana.

Buy $440M

Seller(S) 1

SELLER

Upper Bay Infrastructure Partners

Investor Investor Investor Investor

Category Infrastructure
Founded 2018
PE ASSETS 720M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Upper Bay Infrastructure Partners is a private investment firm focused on infrastructure and other real assets throughout North America. Upper Bay targets both mature, stable assets and growth-oriented infrastructure investments in partnership with operators and developers. Specific areas of interest include transportation, power & utilities, midstream, and telecommunications. Upper Bay Infrastructure Partners was established in 2018 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Avantus

Los Angeles, California, United States

Avantus is a developer of solar PV and storage projects. The company supports solar and energy storage development throughout the project lifecycle from selecting a project site through operations and owns a large project pipeline of 30 GWp of solar and 94 GWh of battery storage, enough to provide 20 million people with clean, reliable power. Avantus was founded in 2009 and is based in Los Angeles, California.

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