A fund managed by the infrastructure and power strategy of Ares Management Corp. and The Conti Group have sold the equity interests in CS Energy to U.S private equity firm American Securities.
CS Energy is an integrated energy firm that designs and builds optimized projects in the solar, storage and emerging energy industries. The company has constructed more than 1 gigawatt of solar projects and 300 megawatts of energy storage projects throughout the United States and in select international markets.
“CS Energy is extremely excited to be partnering with American Securities through our next phase of growth,” said Matthew Skidmore, CEO of CS Energy. “Our management team and strategy will remain consistent on a go-forward basis, and we are excited to continue to grow our business by continuing to execute great projects for our customers.”
Financial terms of the sale were not disclosed.