Threelands Energy completed the acquisition of Energuate from I Squared Capital-backed Inkia Energy.

Threelands Energy, an energy company, completed the acquisition of Energuate, an electricity distribution company, from I Squared Capital-backed Inkia Energy, a power generation facilities operator. Financial terms were not disclosed. “We are pleased to have supported Energuate’s growth into a more efficient enterprise. In partnership with Inkia Energy, we executed a value creation strategy informed by the expertise and experience from across our power portfolio, which drove significant growth across the business. We are confident that Energuate is well-positioned for continued growth,” Gautam Bhandari, I Squared Capital Managing Partner and CIO.