Harrison Street and Kenon Agree to Acquire Majority Interest in Vicinity District Energy
September 30, 2026
Harrison Street Asset Management and Kenon Holdings agreed to acquire a majority interest in Vicinity District Energy from an entity related to Antin Infrastructure Partners, in a transaction valuing Vicinity at approximately $2.92 billion. Kenon will acquire a 25% equity interest for approximately $450 million, with Harrison Street participating through a joint venture partnership; closing is expected in the first half of 2027, subject to customary regulatory approvals.
- Buyers
- Harrison Street Asset Management, Kenon Holdings Ltd.
- Targets
- Vicinity District Energy
- Sellers
- Antin Infrastructure Partners
- Industry
- Utilities
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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