Macquarie to acquire 12.6% stake in Endeavour Energy
Transactions - MAY 9, 2023

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Macquarie to acquire 12.6% stake in Endeavour Energy

by Kali Persall

A fund managed by Macquarie Asset Management has agreed to acquire a 12.6 percent stake in Endeavour Energy from Rest, one of Australia’s largest profit-to-member superannuation funds. Financial terms were not disclosed.

Endeavour Energy is responsible for building, maintaining and operating an electricity network that connects 2.7 million people to traditional and renewable energy sources in homes and businesses across Australia. The company services more than 2.7 million people living and working across Sydney’s Greater West, the Blue Mountains, the Southern Highlands, Illawarra and the South Coast of New South Wales.

Endeavour Energy is transitioning from a traditional “poles and wires” business to a distributed system operator, according to the company’s website. It is working with customers, stakeholders and regulators to help deliver a clean energy future where smart meters, batteries and solar enable customers to generate, store and sell back electrici

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