Amp US

A consortium comprising funds managed by Fiera Infrastructure Inc. (Fiera Infrastructure), an affiliate of Fiera Capital Corporation (TSX: FSZ), and Palisade Infrastructure Group (Palisade Infrastructure), has agreed to jointly acquire 100% of the equity interests in Amp US Primary Holdings Inc. (Amp US), a US-based renewable energy generation and battery storage business, from Amp Solar Group Inc. (Amp Energy), a Canadian-based global energy transition platform. KeyBanc Capital Markets served as Exclusive Sell-Side Advisor on the transaction.

Amp US is a leading developer, owner and operator of US community solar and storage projects. Since entering the US market in 2016, the company has experienced significant growth, placing the platform in a primary position within the distributed generation market. With headquarters in Denver, Colorado, the company has built a portfolio with generation capacity of approximately 200 MWDC across 39 operating or under construction projects expected to be completed in the short term. Additionally, the company has a large pipeline of solar and storage projects expected to be developed and built across existing and new US markets. Its management team has deep experience in greenfield development, asset management, offtaker and subscriber management, project acquisitions and financing.

Fiera Infrastructure is a leading global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class and an affiliate of Fiera Capital Corporation (Fiera Capital). Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in Toronto, London, and New York. Fiera Infrastructure has assets under management and commitments of C$3.8 billion as of December 31, 2022. Fiera Infrastructure has invested in more than 50 infrastructure assets across utilities, telecommunications, transportation, renewables, and PPPs.

Palisade Infrastructure is a global independent, specialist infrastructure and real assets manager with a local presence in New York, Sydney and Melbourne. Their primary focus is generating outstanding risk-adjusted returns for their institutional and wholesale investors by investing in mid-market infrastructure and infrastructure adjacent assets in a sustainable manner. Palisade Infrastructure’s North American infrastructure capability leverages its extensive track record of successful investment in Australia & New Zealand and is focused on the energy transition, digitization and transport infrastructure sectors. It employs a partnership-focused approach with a long-term investment horizon. Palisade Impact is part of the Palisade Infrastructure Group and is a specialist, impact investment manager that provides institutional and wholesale investors with access to investments targeting solutions to environmental and social challenges.