#USA #New York #Ridgewood Infrastructure #SiEnergy #Northwest Natural

Ridgewood Infrastructure's Strategic Sale of SiEnergy

Ridgewood Infrastructure, a prominent player in the infrastructure investment landscape of the U.S. lower middle market, has recently executed a noteworthy transaction by selling its 80% interest in SiEnergy to Northwest Natural Holding Company (NYSE: NWN). This transaction marks a significant milestone not only for Ridgewood but also for the rapidly evolving sector of natural gas utilities in Texas.

About SiEnergy

SiEnergy operates as a regulated utility, delivering essential natural gas services to both residential and commercial customers in key metropolitan regions, including Houston, Dallas, and Austin. When Ridgewood acquired SiEnergy in 2019, the company had a customer base of approximately 20,000. Through strategic leadership and operational efficiencies, Ridgewood successfully expanded SiEnergy's customer base to over 70,000, positioning the utility as one of the fastest-growing natural gas distributors in the nation.

Michael Albrecht, Managing Partner of Ridgewood Infrastructure, expressed pride in the transformation of SiEnergy stating, "SiEnergy exemplifies Ridgewood Infrastructure's continued ability to create differentiated investments on behalf of our investors." His remarks highlight the firm's focus on operational excellence as a cornerstone for the utility's success, underlining how these efforts benefited the customers over the years.

The Impact of Leadership and Operations

The achievements of SiEnergy can be attributed to the dedication of its leadership team, employees, and various partners. Albrecht emphasized the crucial roles these stakeholders played in the utility's growth journey. Under Ridgewood's stewardship, SiEnergy not only bolstered its service capabilities but also enhanced customer satisfaction by expanding its reach and improving the quality of its services.

The Role of Advisors

This strategic sale was facilitated with the expert guidance of financial and legal advisors. RBC Capital Markets, LLC acted as the exclusive financial advisor, ensuring that the transaction was beneficial for Ridgewood, while White & Case LLP provided legal expertise to navigate the complexities of the deal.

Ridgewood Infrastructure's Vision

Ridgewood Infrastructure continues to solidify its standing as a leading infrastructure investor with interests spanning water, energy transition, transportation, and utilities. The firm is committed to leveraging its expertise to identify and cultivate opportunities that yield long-term value for its investors while contributing positively to the communities it serves.

As Ridgewood Infrastructure looks toward the future, the sale of SiEnergy represents not only a successful exit but also a reaffirmation of its strategic approach in the infrastructure domain. To find out more about Ridgewood Infrastructure and its ventures, visit www.ridgewoodinfrastructure.com.