Partners Group to acquire PowerTransitions from Encap.

Partners Group, a Swiss private equity firm specializing in infrastructure and private markets investments, agreed to acquire PowerTransitions, a utility-scale power developer, from Encap, a US private equity firm focused on energy investments. Financial terms were not disclosed. “Our strategy allows for the avoidance of network upgrade costs and long queues, thus shortening development timelines and costs, easing Independent System Operators’ and Regional Transmission Organizations’ desire to enable new power generation to provide grid reliability. This strategy addresses major roadblocks hindering the matching of rising power demand in the US with clean, reliable, and economic power supply. We believe aged or retired thermal and industrial sites represent a large, underutilized pool of assets with significant value creation potential and we have identified a robust pipeline of actionable near-term M&A opportunities. We will leverage Partners Group’s significant experience in the power sector to capitalize on this opportunity,” Sean Long, PowerTransitions CEO.