Alberta Investment Management Corp. (AIMCo) has acquired Astatine Investment Partners’ stake in Howard Energy Partners (HEP), a San Antonio–based diversified company focused on providing innovative midstream solutions.
AIMCo acquired an initial 28 percent stake in HEP in early 2017. Since then, the investment has performed well and continues to align strongly with AIMCo Infrastructure's energy transition strategies.
Following the most recent transaction, AIMCo holds an 87 percent ownership stake in HEP. HEP management and other minority investors will continue to hold a 13 percent ownership interest in the company.
“We are excited to make further investment in Howard Energy and to grow our global portfolio of high-quality energy infrastructure assets on behalf of our clients,” said Ben Hawkins, executive managing director and head, infrastructure, renewables and sustainable investing, at AIMCo. “AIMCo's significant ownership ensures continuity of a ver
