Brookfield's infrastructure group acquires Seattle Steam
Seattle Steam Co, a private utility that provides heat to buildings in the area of Seattle, Washington, has been acquired by the infrastructure group of Canadian alternative assets investor Brookfield Asset Management. The financial terms of the deal were not disclosed. Seattle Steam said Brookfield was interested in the company partly because of its renewable energy generating biomass boiler, which allows the company to reduce fossil carbon emissions for its customers by up to 60%.
16 May 2014•2 mins read
