Partners Group, a global private markets firm, has acquired Resilient Infrastructure Group (Resilient), a water infrastructure platform focused on acquiring, developing, financing and operating distributed water-related facilities in the US and Canada
The acquisition is a lead direct investment for Partners Group, acting on behalf of its clients. Financial terms of the transaction were not disclosed.
Resilient is headquartered in Portland, Oregon, and provides distributed water and wastewater solutions to industrial, technology, institutional and municipal clients that solve their site-specific treatment needs. Partners Group has identified significant potential to actively transform and grow Resilient into a well-diversified multi-industry water platform operating in the multibillion-dollar distributed water and wastewater sectors, including wastewater treatment and reuse infrastructure, wastewater-to-renewable natural gas facilities and potable water infrastructure. Resilient targets assets with highly contracted stable cash flows and operates in attractive sectors benefiting from strong market tailwinds due to transformative structural trends. In addition, Resilient is anticipated to have broad positive stakeholder impact by providing essential water and wastewater services during a period when population growth and rising surface temperatures due to climate change continue to put pressure on water resources across the US.
Concurrent with Partners Group’s acquisition of Resilient, the Platform closed an investment in a wastewater-to-renewable natural gas project at Threemile Canyon Farms in Oregon. Partners Group will work closely with Resilient’s experienced management team on key transformative initiatives, including expanding the Platform through ground-up development projects and new acquisitions, implementing best-in-class practices to increase operating efficiencies at acquired assets, and securing strategic partnerships to provide tailored solutions for municipal, institutional, commercial, and industrial customers.
Read more/Source: Private Equity Insider
