SDCL Energy Efficiency Income Trust completed the acquisition of RED-Rochester from Stonepeak for $177m.

SDCL Energy Efficiency Income Trust, a UK-listed investment company that invests exclusively in the energy efficiency sector, completed the acquisition of RED-Rochester, a district energy systems provider, from Stonepeak Infrastructure Partners, a private equity firm, for $177m. "We expect the project to make positive contributions to SEEIT's earnings and cash flow. At the same time, the project offers the potential for growth over the medium to long term through the addition of new customers and the implementation of accretive energy efficiency measures," Jonathan Maxwell, SEEIT CEO and Founder.