Announced
Completed
Financials
Tags
Private
Single Bidder
Completed
Acquisition
Friendly
Majority
Domestic
Disposal
United States
Renewable Energy Equipment
solar energy
Infrastructure
Private Equity
Synopsis
Goldman Sachs Asset Management, an investment manager, completed the acquisition of solar energy projects from SJI, an energy services holding company based in Folsom, NJ, for $350m. "This transaction represents the latest chapter in our ongoing effort to transform our business by monetizing non-core, non-regulated businesses and increasing investments in regulated assets that provide highly-visible cash flows and earnings. We are pleased to partner with GSAM in transitioning these high-quality assets to new ownership," Michael J. Renna, SJI President and CEO.
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