Antin Infrastructure Partners Acquires Veolia's US District Energy Business
July 31, 2019
Antin Infrastructure Partners agreed to acquire Veolia Environnement's US district energy business for an enterprise value of $1.25 billion. The business — the largest district energy provider in the United States, operating 13 district heating/cooling systems and employing more than 400 people — will be run as a standalone platform to pursue optimization, network densification, energy services and further growth.
- Targets
- Veolia's US district energy business (now Vicinity Energy)
- Sellers
- Veolia Environnement
- Industry
- Energy
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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