Axium Infrastructure to buy Brooklyn Navy Yard from Ares
Canadian infrastructure investment firm Axium Infrastructure recently agreed to acquire Brooklyn Navy Yard Cogeneration Partners LP, owner of the Brooklyn Navy Yard cogeneration facility located in Brooklyn, New York. No financial terms were released. The seller is a power and energy infrastructure fund affiliated with Ares Management, a U.S. private equity firm. The Brooklyn Navy Yard facility is a 286 megawatt operating project that supplies electricity and steam to New York City. Based in Montréal, Axium has invested, or committed to invest, in a portfolio of more than 100 North American infrastructure assets since 2010.
7 May 2018•3 mins read
