Arcus Infrastructure Partners has acquired a majority interest in Powering S.r.l, a power leasing business located in Italy. Financial terms were not disclosed.
Powering provides power solutions to critical grid and industrial operations and owns an extensive fleet of approximately 1,450 generators, operating through a network of 53 depots across Italy. The company uses a fully integrated business model, which includes outright ownership of its generators, in-house dispatch and refueling capabilities and proprietary IT systems.
Arcus said Powering’s Italian network and its fully integrated model make the company the only business in this sector in Italy capable of contractually committing to a two-hour callout time. This has allowed Powering to secure 90 percent of its revenues under multiyear framework agreements with blue-chip Italian utilities and network maintenance operators, for whom the company provides power during emergencies and regular grid maintenance wor