Ara Energy Acquires Gate City Power, Gate City Renewable Fuels, and Interest in JET Retail Fuel Network (~$875 Million)

Ara Partners Acquires Majority Interest in USD Clean Fuels

January 2, 2024

Infrastructure

Ara Partners has acquired a majority interest in USD Clean Fuels (USDCF), a Houston-based developer, owner and operator of midstream logistics infrastructure for the renewable fuels value chain. As part of the transaction USDCF also acquired the West Colton Rail Terminal in California, and Ara committed additional capital to expand USDCF's infrastructure footprint across North America.

Ara Partners Acquires Majority Interest in Lincoln Terminal Holdings

November 15, 2022

Energy

Ara Partners has acquired a majority ownership interest in Lincoln Terminal Holdings, LP, a Greenville, South Carolina-based provider of renewable fuel rail transloading and storage facilities. Ara committed additional capital to support significant expansion of Lincoln's renewable fuel infrastructure footprint across the Southeast and Mid-Atlantic United States.

Ara Partners Acquires Genera Energy Inc.

June 22, 2022

Packaging

Ara Partners, a private equity firm focused on industrial decarbonization, has acquired Genera Energy Inc., a U.S.-based manufacturer of non-wood agricultural pulp and molded fiber packaging. Ara committed up to an additional $200 million to expand Genera's manufacturing footprint and capacity in the U.S.; Genera's previous owners (WindSail Capital Group, Coppermine Capital and Stairway Capital) will retain minority stakes.

Ardian Acquires Peru-based Hydropower Company

December 18, 2023

Renewable Energy

Ardian, through its Ardian Clean Energy Evergreen Fund (ACEEF), has acquired 100% of a Peru-based hydropower company from funds managed by BTG Pactual, Patria Investments and GMR Holding B.V. The acquired portfolio comprises six run-of-river hydroelectric plants with total capacity of 73.4 MW and government-awarded, US dollar–denominated contracts; the deal adds technological diversification and strengthens ACEEF's renewable energy presence in Latin America.

Ardian Acquires Remaining Stake in Hill Top Energy Center

April 28, 2025

Energy

Ardian has acquired the remaining equity stake in Hill Top Energy Center, giving it 100% ownership and full operational control of the 620 MW combined-cycle gas turbine in western Pennsylvania. The asset sells capacity and energy into the PJM market and the transaction is Ardian Americas Infrastructure Fund V's first energy investment, intended to support long-term growth and reliable power supply for rising electricity demand.

Ara Partners and CycleØ Acquire FNX Liquid Natural Gas to Form European Biomethane Platform

March 21, 2022

Renewable Energy

Ara Partners has partnered with Laurence Molke to create CycleØ Group and acquired FNX Liquid Natural Gas S.L., a Bilbao-based provider of biogas upgrading and liquefaction technologies. The transaction establishes CycleØ as a European biomethane platform focused on bio-G2V (vehicle) and bio-G2G (grid) markets, scaling biomethane production from agri-food and livestock waste.