Vauban Infrastructure Partners has agreed to acquire the entire stake in DB Energy Assets (DBEA) and Beacon Energy Holdings, which collectively own a portfolio of eight district cooling and heating systems across the Northeast and Michigan. The sellers were Basalt Infrastructure Partners II and DCO Energy.
The portfolio provides energy solutions to a diverse customer base, which includes universities, urban centers, hospitals, and commercial and industrial customers.
The acquisition will expand Vauban's global footprint to the United States and will leverage the company’s experience in the district energy and heating sector. Vauban now holds controlling interests in five assets, totaling $2.2 billion in enterprise value in Finland, France, Italy, Norway and Spain.
“Through this landmark transaction, Vauban Infrastructure Partners enters into the U.S. district energy market,” said Gwenola Chambon, CEO and founding partner at Vauban. “This acquisition will