Tiger Infrastructure Partners has acquired Unison Energy, a North American company specialising in on-site power generation, as the final investment for its third mid-market fund.

Tiger Infrastructure said the acquisition Greenwich, Connecticut-based Unison Energy is the last of nine platform investments for Tiger Infrastructure Partners Fund III, which raised $1.25bn at its close in early 2022.

Tiger CEO Emil W Henry Jr said: “The role of reliable, resilient, on-site power generation is becoming increasingly sought after as the global energy transition continues apace.

“We believe that Unison is benefiting from long-term secular tailwinds including an aging grid that is increasingly burdened by the growth of renewable energy and a demonstrable step-change in demand for power driven by artificial intelligence and a drive towards onshoring certain elements of US manufacturing.”

Unison co-founder and co-CEO Andy Cooper said: “Unison provides tailored solutions for commercial and industrial businesses seeking to address rising energy costs, power resiliency challenges, and carbon emissions reductions. We leverage our proprietary systems and in-house engineering and operation and maintenance expertise to play a critical role in power generation and decarbonisation. 

Unison microgrid facility

Source: Tiger Infrastructure Partners

“We have been expanding our offering to include on-site carbon capture and other in demand solutions. We believe Unison is well-positioned to become the partner of choice for discerning customers seeking a reliable, long-term solution to reduce cost, enhance resiliency and decarbonise operations.” 

Unison co-founder and co-CEO Tim Lukes said: “Tiger has deep experience in energy transition, experience with similar business models and track record of partnering with teams to build and scale platforms.

“As a result, we determined that Tiger would be the ideal partner. We have an actionable pipeline of projects and we are excited to provide creative solutions to our customers with the support of Tiger.”

To read the latest IPE Real Assets magazine click here.