Shaw Capital and Alinda Capital Partners have established Shaw Infrastructure Investments, a newly created joint venture to pursue development of energy, transportation, infrastructure, wa
Shaw Capital and Alinda Capital Partners have established Shaw Infrastructure Investments, a newly created joint venture to pursue development of energy, transportation, infrastructure, water, wastewater, and related projects.
Shaw Infrastructure Investments combines Alinda’s capital resources and infrastructure investing experience with Shaw’s project development, engineering, construction, maintenance, and fabrication and manufacturing expertise to pursue acquisitions of operating assets, expansions and retrofitting of existing assets, and construction of new assets.
The firms say targeted assets will possess or demonstrate a potential for steady, growing and predictable cash flow, a strategic competitive advantage, and limited commodity or merchant risk. Shaw’s existing areas of business may deliver technical solutions to facilitate projects’ success.
J.M. Bernhard, Jr, chairman, president and chief executive officer of Shaw, says: ‘Our joint venture with Alinda is a strategic step for Shaw as it looks to provide customers with a single source for solutions.
‘Shaw has achieved superior growth as a vertically-integrated service provider and now, through this venture with Alinda, we may also provide our customers with access to investment capital to complement Shaw’s capabilities in project development, engineering, construction, maintenance, and fabrication and manufacturing. This venture also provides Shaw opportunities to grow its own asset value.’
Says Alinda managing partner Chris Beale: ‘Shaw is a recognised leader in providing comprehensive services to communities, companies, and governments, and we are pleased that we will be investing alongside Shaw to help maintain and improve the infrastructure that is critical to the well being of our communities and the efficient functioning of businesses and governmental authorities.’
The Baton Rouge, Louisiana-based Shaw Group is a global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure, and emergency response markets with nearly USD5bn in annual revenues and some 25,000 employees in North and South America, Europe, the Middle East and the Asia-Pacific region.
Alinda Capital Partners is a privately-held investment firm specialising in investments in infrastructure assets and manager of the USD3bn Alinda Infrastructure Fund, an institutional fund with a long-term investment horizon. The fund’s investments include the Detroit-Windsor Tunnel in Michigan, four toll bridges in Alabama, natural gas distribution utilities in Colorado, Nebraska and Wyoming, and water tanks in Canada.
