Infrastructure Investments Fund, a private investment vehicle, agreed to acquire South Jersey Industries, an energy infrastructure holding company, for $8.1bn. "IIF is a trusted partner and long-term investor in utility and renewable energy companies, and together we will be well positioned to execute on SJI’s clean energy and decarbonization initiatives in support of the environmental goals of our State and region. In addition, as a private company and with IIF’s support, we will have additional resources to continue to modernize our critical infrastructure, maintain our high standard of customer service at reasonable rates, and further enhance the safety, reliability and sustainability of our businesses," Mike Renna, South Jersey Industries President and CEO.