Stake Purchase • Energy Services and Equipment

SEIT Invests In Ironclad Energy Partners

On April 6, 2021, SEIT invested in energy services and equipment company Ironclad Energy Partners from Stonepeak

Investment Context
  • This is SEIT’s 2nd transaction in the Energy Services and Equipment sector.
  • This is SEIT’s 2nd transaction in the United States.
  • This is SEIT’s 2nd transaction in Illinois.

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Investment Summary

Date April 6, 2021
Target Ironclad Energy Partners
Sector Energy Services and Equipment
Investor(s) SEIT
Sellers(s) Stonepeak
Deal Type Stake Purchase

Target Company

Ironclad Energy Partners

Lombard, Illinois, United States
Ironclad Energy Partners was formed with power industry veterans for the purpose of acquiring, developing, owning, operating and making capital investments in middle-market power and utility infrastructure assets. Together with Stonepeak, Ironclad plans to acquire power generation, district energy and utility assets and improve them commercially, technically, and/or operationally, in order to increase their value to customers and investors.
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Investor Overview 1

Investor

SEIT

London, United Kingdom

Category Company
Founded 2007
Sector Energy Services and Equipment
Revenue 73M GBP (2025)
DESCRIPTION

SEIT is an investment trust that focuses exclusively on energy-efficiency infrastructure and onsite power-generation projects. SEIT was founded in 2007 and is based in London, United Kingdom.


Deal Context for Investor #
Overall 4 of 4
Sector: Energy Services and Equipment 2 of 2
Type: Stake Purchase 1 of 1
State: Illinois 2 of 2
Country: United States 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Stockholm Gas

Solna, Sweden

Stockholm Gas is a gas trading company involved in selling natural gas, biogas and city gas to households, restaurants, industry and the automotive sector. Stockholm Gas was founded in 2008 and is based in Solna, Sweden.

Buy -

Seller Profile 1

SELLER

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 73.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


Deal Context for Seller #
Overall 6 of 10
Sector: Energy Services and Equipment 3 of 4
Type: Stake Purchase 2 of 2
State: Illinois 1 of 1
Country: United States 5 of 9
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Hygo Energy Transition

Hamilton, Bermuda

Hygo Energy Transition is a provider of liquefied natural gas-based downstream services based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 Akumin

Plantation, Florida, United States

Akumin is a provider of comprehensive outpatient radiology and oncology solutions and a partner to U.S. hospitals, health systems and physician groups. Akumin was incorporated in 2015 and is based in Plantation, Florida.

Buy -