Investment Summary

Sandbrook Capital and NGP Invest In Cloverleaf Infrastructure

On July 17, 2024, private equity firms Sandbrook Capital and NGP invested in infrastructure company Cloverleaf Infrastructure

Investment Highlights
  • This is Sandbrook Capital’s 1st and NGP’s 1st transaction in the Infrastructure sector.
  • This is Sandbrook Capital’s 2nd and NGP’s 65th transaction in the United States.
  • This is Sandbrook Capital’s 1st and NGP’s 39th transaction in Texas.

Investment Summary

Date 2024-07-17
Target Cloverleaf Infrastructure
Sector Infrastructure
Investor(s) Sandbrook Capital
NGP
Deal Type Growth Capital

Target

Cloverleaf Infrastructure

Houston, Texas, United States
Cloverleaf Infrastructure is a developer specialising in clean-powered, ready-to-build sites for large electricity loads (e.g., data centres and electrified factories) by delivering grid interconnection, onsite generation/storage, and transmission infrastructure. Cloverleaf Infrastructure was formed in 2024 and is based in Houston, Texas.

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Investor(S) 2

Investor

Sandbrook Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2021
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Sandbrook Capital is a private investment firm dedicated to developing climate infrastructure companies with proven technologies in clean power generation, transmission, storage, industrial decarbonization, and low-carbon services. The Firm targets platform investments with strong environmental impact and commercial viability across North America and Europe. Sandbrook Capital was formed in 2021 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 4 of 5
Sector: Infrastructure M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 3
State: Texas M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 rPlus Energies

Salt Lake City, Utah, United States

rPlus Energies is a renewable energy developer specializing in utility-scale solar, wind, and energy storage projects across the U.S., with a pipeline exceeding 15 GW of clean energy capacity. rPlus Energies was founded in 2018 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 Intellirent

Roanoke, Texas, United States

Intellirent provides electrical test and measurement equipment primarily serving the power generation and distribution, data center, and renewable energy industries. Intellirent is based in Roanoke, Texas.

Buy -
Investor

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 75 of 80
Sector: Infrastructure M&A 1 of 1
Type: Growth Capital M&A Deals 29 of 32
State: Texas M&A 39 of 42
Country: United States M&A 65 of 70
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 PhysicsX

London, United Kingdom

PhysicsX is deploying AI-enabled engineering software for advanced physics simulation, providing a better route to product and machine optimization. PhysicsX is headquartered in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Black Mountain Sand

Fort Worth, Texas, United States

Black Mountain Sand delivers superior in-basin frac sand solutions to companies in the Exploration & Production (E&P) industry. Black Mountain Sand is based in Fort Worth, Texas.

Sell -