Investment Summary

Upper Bay Infrastructure Partners Exits Infiniti Energy

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

Investment 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.

Investment Summary

Date 2024-07-08
Target Infiniti Energy
Sector Renewable Energy
Investor(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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Investor(S) 1

Investor

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 16
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 14
State: New Jersey M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2024 M&A 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-11 Mobil in Time

Diessenhofen, Switzerland

Mobil in Time is a provider of mobile energy solutions that rents, manufactures, and sells mobile energy centers in the fields of heat, cold, pellets, and steam. Its group of companies consists of the Swiss parent company and subsidiaries in Germany and Austria. Mobil in Time is based in Diessenhofen, Switzerland.

Buy -

Seller(S) 1

SELLER
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 M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 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.

Sell -