Fiera Infrastructure Closes Acquisition of US Landfill Gas-to-Energy Platform Cube District Energy.

MANews-(C)2009-2021

US-based mid-market direct infrastructure investor Fiera Infrastructure Inc, an affiliate of Canada-based Fiera Capital Corp. (TSX: FSZ), has acquired 100% of the equity interests in US landfill gas-to-energy platform Cube District Energy from I Squared Capital, the firm said.

Cube provides customers with dispatchable renewable power by capturing and repurposing methane emitted by landfills, reducing greenhouse gas emissions and providing an alternative to fossil fuel resources.

Cube owns and operates eight assets across the Southeast region of the United States, all under long-term contracts with investment grade counterparties.

One of the facilities supplies electricity, steam and chilled water to a corporate entity, while the other seven assets supply power to premier electric utilities.

Cube will be renamed Captis Energy, following the completion of the transaction.

Moelis and Company LLC acted as financial advisor and Allen and Overy LLP as legal advisor to Fiera Infrastructure on this transaction.

Houlihan Lokey Inc. acted as financial advisor and Troutman Pepper LLP as legal advisor to I Squared Capital on this transaction.

Founded in 2014 and headquartered in Atlanta, Georgia, Cube owns and operates seven landfill gas-to-power assets and one cogeneration asset across the southeastern United States.

Fiera Infrastructure is a global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class.

Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in Toronto, London and New York. Fiera Infrastructure has assets under management and...

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