Announced
Financials
Tags
Canada
Private
Storage Terminals
Single Bidder
Cross Border
carbon capture and storage developer
Friendly
Pending
Private Equity
Acquisition
Majority
Synopsis
Grey Rock Investment Partners, a private equity firm, agreed to invest in Vault CCS Holdings, a carbon capture & storage developer focused on the development, capitalization, and operation of carbon storage assets throughout North America, for $150m. “In Grey Rock, we found a like-minded investment partner whose stellar investment track record and technical approach represents the type of capital partner that we feel will support our objective of developing and executing high quality CCS projects with a range of industrial partners across North America. Having a partner who understands the fundamentals of our business is critical in moving quickly to bring projects to fruition and support effective scaling of the emerging CCS industry,” Scott Rennie, Grey Rock Investment Partners CEO.
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