Vauban Infrastructure Partners (“Vauban”) announced today that on December 30, 2021, it entered into a definitive agreement to acquire the entire stake in DB Energy Assets, LLC (“DBEA”) and Beacon Energy Holdings LLC (“Detroit Thermal”) (together, the “Company”), which collectively own a portfolio of eight district cooling and heating systems across the Northeast and Michigan, from Basalt Infrastructure Partners II LP (“Basalt”) and DCO Energy, LLC (“DCO Energy”).
The Company has an attractive portfolio of district cooling and heating systems diversified by location, technology and customers, alongside an experienced management team that will support the platform, its existing customer base and its long-term growth following closing. The Company currently operates across six states, providing reliable, sustainable, and cost-efficient sources of energy solutions to a diverse customer base including universities, urban centers, hospitals, and commercial and industrial customers.
You can now read the full press release at the link below
