CS Vitality has established itself as a frontrunner within the photo voltaic and power storage sectors, having constructed over 1 GW of photo voltaic tasks and 300 MWh of power storage tasks all through the USA and in choose worldwide markets.
“CS Vitality is extraordinarily excited to be partnering with American Securities via our subsequent section of development,” mentioned Matthew Skidmore, CEO of CS Vitality. “Our administration staff and technique will stay constant on a go-forward foundation and we’re excited to proceed to develop our enterprise by persevering with to execute nice tasks for our clients.”
“CS Vitality suits squarely inside our technique to accumulate market main corporations servicing the U.S. power transition to renewables,” mentioned Michael Sand, a Managing Director of American Securities. “We’re impressed by the CS Vitality administration staff, company tradition and excellent monitor report, and are thrilled to associate with administration to attain its development plans.”
“We’re extraordinarily happy with the expansion and accomplishments of CS Vitality throughout our possession during the last three years,” mentioned Keith Derman, Associate and Co-Head of Ares Infrastructure and Energy. “Our shared imaginative and prescient with the gifted administration staff was executed seamlessly with admirable outcomes. Our dedication to investing within the power transition stays sturdy, and we anticipate future alternatives to associate with CS Vitality on the event and development of latest amenities.”
“The Conti Group is happy with the expansion that CS Vitality has had over the previous three years with its sturdy partnership with Ares and we look ahead to its continued development and success with American Securities,” mentioned Kurt Conti, Chairman of The Conti Group. “This funding continues to advance our longstanding imaginative and prescient of constructing a world-class renewable power firm.”
Lazard acted as lead monetary advisor to CS Vitality on the transaction. Cowen additionally acted as monetary advisor to CS Vitality. Morgan Lewis & Bockius LLP served as authorized counsel to CS Vitality. Weil, Gotshal & Manges LLP served as authorized counsel to American Securities.
About CS Vitality
CS Vitality is an industry-leading engineering, procurement and development (EPC) power agency that designs and builds optimized tasks in photo voltaic, power storage, and rising power industries. CS Vitality leverages sturdy relationships with photo voltaic builders, IPPs, utilities, off-takers, suppliers, and landowners to assist our clients streamline the mission improvement course of, decrease mission prices, and create worth for all stakeholders.
About American Securities
Based mostly in New York with an workplace in Shanghai, American Securities is a number one U.S. non-public fairness agency that invests in market-leading North American corporations with annual revenues usually starting from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its associates have roughly $23 billion below administration. For extra data, go to www.american-securities.com.
About Ares Administration Company
Ares Administration Company (NYSE:ARES) is a number one international various funding supervisor working built-in teams throughout Credit score, Personal Fairness, Actual Property and Strategic Initiatives. Ares Administration’s funding teams collaborate to ship progressive funding options and constant, enticing funding returns for fund buyers all through market cycles. As of March 31, 2021, Ares Administration’s international platform had roughly $207 billion of belongings below administration with greater than 1,450 workers working throughout North America, Europe and Asia Pacific. For extra data, please go to www.aresmgmt.com.
About Ares Infrastructure and Energy
Ares Infrastructure and Energy (“AIP”) supplies versatile capital throughout the local weather infrastructure, pure gasoline era, and power transportation sectors. AIP leverages a broadly expert and cohesive staff of greater than 25 funding professionals with deep area expertise and has deployed over $9 billion of capital in additional than 250 totally different infrastructure and energy belongings and corporations as of March 31, 2021.
About The Conti Group
The Conti Group is a holding firm which owns companies, belongings and invests in improvement, engineering, development, infrastructure, actual property, renewable power, logistics, software program and healthcare. The Conti Group has a 116-year historical past of constructing profitable, respected companies which make a constructive impression. www.thecontigroup.com
SOURCE CS Vitality
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