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Cube District Energy will be renamed Captis Energy
Fiera Infrastructure Inc. (“Fiera Infrastructure”) is the world’s leading mid-market direct infrastructure investor and Fiera Capital Corporation (Toronto Stock Exchange:FSZ) (“Fiera Capital”), today announced that it has acquired a 100% stake in Cube District Energy (“Cube”), the premier landfill gas power generation platform in the United States, from I Squared Capital.
Cube captures and reuses methane emitted from landfills to reduce greenhouse gas emissions and provide alternatives to fossil fuel resources, providing customers with dispatchable renewable energy. Cube owns and operates eight assets in the southeastern United States, all of which have signed long-term contracts with investment-grade counterparties. One facility supplies electricity, steam, and chilled water to a corporate entity, while the other seven assets provide electricity to major power companies.
After the transaction is completed, Cube will be renamed Captis Energy.
Alina Osorio, President of Fiera Infrastructure, commented:
“cube It is the leading operator of landfill gas energy assets in the United States, providing alternatives to fossil energy, while supporting methane emission reduction targets and clean energy plans. We believe that the company has a strong management and operation team and is in a good position to expand its current footprint through large-scale acquisitions and new developments (including landfill gas power generation and RNG production projects). We are happy to add this platform to our existing portfolio of high-quality infrastructure assets and support its growth. “
Thomas Lefebvre, partner at I Squared, commented:
“Under the ownership of I Squared, Cube Energy Various operational plans have been implemented to prepare for the company’s growth in the next chapter.We wish Chris Eastgate and his team continued success, and congratulate Fiera on completing the transaction.”
Cube CEO Chris Eastgate said:
“I Squared’s ownership and leadership position Cube District Energy as a sustainable platform business in the renewable energy sector. Together with our new owner Fiera and the loyal team of Cube District Energy, I look forward to…
The full story can be found on Benzinga.com
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