Arcus Infrastructure Partners has acquired a majority stake in Powering, an Italian power-leasing business.
Founded in 2011, Powering provides power solutions to critical grid and industrial operations. The company owns a fleet of around 1,450 generators and operates via a network of 53 depots across Italy.
It is the seventh acquisition made on behalf of the Arcus European Infrastructure Fund 3 (AEIF3). Financial details were not disclosed.
Stefano Brugnolo, partner and head of energy at Arcus, said: “After several years of researching the European energy leasing market, Powering stood out as a strong fit for AEIF3’s investment strategy thanks to its fully integrated business model and robust infrastructure characteristics.
“The company’s role in delivering critical energy solutions to communities and industries resonates deeply with our commitment to investments that drive both economic growth and positive societal impact.
“We see clear opportunities to further enhance Powering’s business potential and sustainability credentials through targeted asset management initiatives, a core pillar of our investment strategy.”
Piero Giancano, founder and CEO of Powering, said: “Partnering with Arcus marks a key milestone in Powering’s journey. Building this business from the ground up has been an incredible experience, and I am excited to work alongside an experienced institutional partner who shares our vision for growth and has the infrastructure expertise to help us take the company to the next level.”
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