Antin Infrastructure Partners sets to acquire Veolia’s US district energy business

Veolia, through its subsidiary Veolia Energy North America Holdings, Inc, has entered into an agreement to sell its district energy assets in the United States to Antin Infrastructure Partners. 

The portfolio comprises steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 US cities. An investment fund dedicated to infrastructure, Antin Infrastructure Partners has invested over EUR5 billion (US$5.6 billion) in 24 companies in 12 years of existence. Antin Infrastructure Partners is notably the owner since 2018 of Idex, which operates around 40 heating and cooling networks in France.

This transaction is submitted to the approval of the authorities and its closing is expected in the fourth quarter of 2019.