Asset manager Arrow Global has acquired Blue Current Capital (BCC), an ESG-focused real estate asset manager dedicated to the development of electric vehicle (EV) charging hubs.
This acquisition underscores Arrow’s commitment to investing in opportunities that focus on generating positive social or environmental outcomes alongside financial returns, particularly those focusing on the decarbonisation of transportation.
Under the terms of the deal, BCC will sit alongside Arrow’s Eagle Street Partners’ real estate development platform, further solidifying Arrow’s focus on real estate investments and adding a distinctive ESG component to its portfolio.
This move will position Arrow as an early adopter in the delivery of scaled EV-charging infrastructure designed for major fleet operators, a strategy driven by corporate net-zero aspirations and government regulation with respect to carbon emissions.
“The acquisition of BCC fortifies our capabilities in the logistics sector and allows us to seize early-mover advantage in this high-growth, ESG-aligned investment arena,” said Craig Hawthorne, director investments, Arrow Global.
“The alignment with Eagle Street will enable BCC to leverage our established infrastructure to accelerate their ambitious business plans, starting in the UK and Ireland before extending out across key European cities.”
BCC, founded in 2020 by Max Botschen and Nickolas Blackburn, pioneers purpose-built, multi-storey EV-charging hubs.
“In an era where major fleet operators are committed to electrification, charging infrastructure must keep pace,” said Blackburn, co-CEO of BCC.
“Our partnership with Arrow provides the support needed to expand this mission-critical infrastructure and ensures fleet operators can meet their electrification targets, paving the way for a greener future for logistics.”
To read the latest edition of the latest IPE Real Assets magazine click here.
