Ridgewood Infrastructure Successfully Sells Stake in SiEnergy Gas Utility to Northwest Natural
On January 8, 2025, Ridgewood Infrastructure, a prominent player in infrastructure investment, announced the sale of its 80% stake in SiEnergy to Northwest Natural Holding Company, a firm traded on the NYSE under the ticker NWN. SiEnergy functions as a regulated utility, delivering essential natural gas services to both residential and commercial customers situated in the highly populated metropolitan regions of Houston, Dallas, and Austin.
Since the acquisition of SiEnergy in 2019, Ridgewood Infrastructure has effectively transformed the utility, marking its growth into one of the fastest-expanding natural gas distribution companies in the United States. Under Ridgewood’s management, SiEnergy expanded its customer base from approximately 20,000 to over 70,000, showcasing significant operational improvements and enhanced service delivery.
Michael Albrecht, the Managing Partner of Ridgewood Infrastructure, remarked, “SiEnergy exemplifies Ridgewood Infrastructure's continued ability to create differentiated investments on behalf of our investors.” He emphasized that their commitment to operational excellence enabled SiEnergy to scale effectively, guaranteeing benefits for its customers in the long run. Albrecht also praised the contributions of SiEnergy's leadership team and employees, highlighting their crucial roles in the company’s success.
The deal marks an important milestone in Ridgewood's strategy to focus on essential infrastructure investments, particularly in the U.S. lower middle market. The firm has established a robust portfolio with a concentration on sectors like Water, Energy Transition, Transportation, and Utilities. Completing this sale not only affirms Ridgewood's approach but also enhances its future investment endeavors.
Meanwhile, RBC Capital Markets, LLC acted as the exclusive financial advisor for Ridgewood Infrastructure, with White & Case LLP serving as their legal counsel throughout the transaction.
As Ridgewood Infrastructure moves forward, they maintain a strong commitment to their investment philosophy and the creation of value for stakeholders within the essential infrastructure landscape. For further details about Ridgewood Infrastructure and their projects, interested parties can visit their official website at www.ridgewoodinfrastructure.com.
This sale signifies not just a transaction but a comprehensive strategic exit that aligns with the firm's long-term vision of focusing on valuable investments within essential infrastructure arenas. Both Ridgewood Infrastructure and Northwest Natural Holding Company are expected to continue thriving, bolstered by this pivotal event in the natural gas utility sector.
Since the acquisition of SiEnergy in 2019, Ridgewood Infrastructure has effectively transformed the utility, marking its growth into one of the fastest-expanding natural gas distribution companies in the United States. Under Ridgewood’s management, SiEnergy expanded its customer base from approximately 20,000 to over 70,000, showcasing significant operational improvements and enhanced service delivery.
Michael Albrecht, the Managing Partner of Ridgewood Infrastructure, remarked, “SiEnergy exemplifies Ridgewood Infrastructure's continued ability to create differentiated investments on behalf of our investors.” He emphasized that their commitment to operational excellence enabled SiEnergy to scale effectively, guaranteeing benefits for its customers in the long run. Albrecht also praised the contributions of SiEnergy's leadership team and employees, highlighting their crucial roles in the company’s success.
The deal marks an important milestone in Ridgewood's strategy to focus on essential infrastructure investments, particularly in the U.S. lower middle market. The firm has established a robust portfolio with a concentration on sectors like Water, Energy Transition, Transportation, and Utilities. Completing this sale not only affirms Ridgewood's approach but also enhances its future investment endeavors.
Meanwhile, RBC Capital Markets, LLC acted as the exclusive financial advisor for Ridgewood Infrastructure, with White & Case LLP serving as their legal counsel throughout the transaction.
As Ridgewood Infrastructure moves forward, they maintain a strong commitment to their investment philosophy and the creation of value for stakeholders within the essential infrastructure landscape. For further details about Ridgewood Infrastructure and their projects, interested parties can visit their official website at www.ridgewoodinfrastructure.com.
This sale signifies not just a transaction but a comprehensive strategic exit that aligns with the firm's long-term vision of focusing on valuable investments within essential infrastructure arenas. Both Ridgewood Infrastructure and Northwest Natural Holding Company are expected to continue thriving, bolstered by this pivotal event in the natural gas utility sector.
Topics Business Technology）
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