NEW
YORK, Jan. 8, 2025 /PRNewswire/ -- Ridgewood
Infrastructure, a leading infrastructure investment firm focused on
essential infrastructure in the U.S. lower middle market, today
announced the successful sale of its 80% interest in SiEnergy to
Northwest Natural Holding Company (NYSE: NWN).
SiEnergy is a regulated utility providing essential natural gas
services to residential and commercial customers in the greater
metropolitan areas of Houston,
Dallas, and Austin. Since acquiring the business in 2019,
Ridgewood Infrastructure has led the transformation of SiEnergy
into one of the fastest-growing natural gas distribution utilities
in the nation. Under Ridgewood's
stewardship, SiEnergy organically expanded its service base from
approximately 20,000 to more than 70,000 customers.
"SiEnergy exemplifies Ridgewood Infrastructure's continued
ability to create differentiated investments on behalf of our
investors," said Michael Albrecht,
Managing Partner of Ridgewood Infrastructure. "Our focus on
operational and service excellence ensured the company was able to
scale and will benefit SiEnergy's customers for years to come."
Albrecht added: "We are pleased with the accomplishments of
SiEnergy, which reflect the dedication of the company's leadership
team, employees, and partners, all of whom have played a pivotal
role in its success."
RBC Capital Markets, LLC acted as exclusive financial advisor
and White & Case LLP as legal advisor to Ridgewood
Infrastructure.
About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in
the U.S. lower middle market with sectors of focus including Water,
Energy Transition, Transportation, and Utilities. For more
information, visit www.ridgewoodinfrastructure.com.
Contact Information:
Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
Inquiries@RidgewoodInfrastructure.com
Logo -
https://mma.prnewswire.com/media/1163658/Ridgewood_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/ridgewood-infrastructure-announces-sale-of-sienergy-regulated-utility-302345175.html
