Ancala Acquires Majority Stake in Noventa Energy Partners
April 3, 2023
Ancala has acquired a majority interest in Noventa Energy Partners, a developer of wastewater energy transfer systems that decarbonise heating and cooling for buildings. The investment, made on behalf of Ancala Infrastructure Fund III for an undisclosed amount, will fund Noventa's international growth and the delivery of a pipeline of projects including a large system for Toronto Western Hospital.
- Buyers
- Ancala
- Targets
- Noventa Energy Partners
- Industry
- Renewable Energy
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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