Astatine Investment Partners Announces Partnership with Lymphoma Action, raising over $70,000
Comments Off on Astatine Investment Partners Announces Partnership with Lymphoma Action, raising over $70,000
Astatine Investment Partners is proud to announce its partnership with Lymphoma Action. Lymphoma Action is a fantastic charity whose mission through information, education, support and influence, is to ensure no-one has to face lymphoma alone.
The team at Astatine Investment Partners has come together to raise over $70,000 through various team exercise challenges for 10 days over March. Employees across both the Connecticut and London offices united to walk, run, or cycle each day, accumulating kilometres for the great cause. Through these three activities, a total of 350km was walked, 170km was run, and 250km was cycled by the Astatine team.
This event demonstrated that people are truly the heart of Astatine, uniting to make a positive impact, and we were joined by Team Patrick Duggan and his squad from Radley College Rowing, who made an additional tremendous effort contributing a further 350km rowing and running.
We extend our heartfelt thanks to all of our friends, family and colleagues, who very kindly donated alongside us on our Just Giving page.
Lymphoma Action is the UK’s only charity dedicated to lymphoma, which is the fifth most common cancer. Lymphoma Action have been providing information and support for over 35 years, helping thousands of people affected by lymphoma.
We hope our fundraising makes a difference and we welcome you to continue to support Lymphoma Action through a donation or other means.
Everfast Fiber Networks Announces Appointment of Scott Randall as CEO
Comments Off on Everfast Fiber Networks Announces Appointment of Scott Randall as CEOJuly 12, 2024 (Lenexa, KS) The board of Everfast Fiber Networks LLC (Everfast), a provider of high-speed data, telephony and video services to residential, commercial and carrier customers in Kansas City, is excited to announce the appointment of Scott Randall as CEO of Everfast. Randall joins Everfast from Peninsula Fiber Network where he was CEO-equivalent. Peninsula provides telecommunications, transport and broadband services throughout Michigan, Wisconsin, and areas of Minnesota. Jim Metcalfe, board member of Everfast, stated, “We are excited that Scott will be joining Everfast and believe his player-coach leadership style, industry knowledge, and experience driving operational change are an excellent fit with the challenges and opportunities facing Everfast. We have a great team of talented, hard-working and committed people at Everfast, and we believe Scott will support, enhance and grow the team to the next level. Scott understands the importance of Everfast’s local presence and has the requisite skills to help accelerate customer growth, expand margins, deliver first rate service, manage employee, community and lender stakeholder groups and deliver strategic opportunities such as BEAD and E-Rate.”
Everfast has nearly completed the complex process of achieving full standalone operations, after having been acquired as a divisional carveout from Consolidated Communications in December 2022. The journey has been made possible because of the efforts of the dedicated employees of Everfast, who value the opportunity to create a platform for growth headquartered, operated in and focused on Kansas City.
Jim Metcalfe and Said Nashashibi, board members of Everfast, want to thank Dado Slezak, a former Astatine Investment Partners employee, for acting as Interim CEO of Everfast. Jim stated, “Dado stepped up and brought energy, focus and detailed knowledge of the goals and objectives for the business. Dado worked with the team at Everfast step-by-step to replace the transition services provided by Consolidated Communications with standalone capabilities.”
Now Everfast needs a player-coach CEO to finish the transition of the company to a standalone business and to help the team execute the company’s business plan of regaining market share in Kansas City and establishing Everfast as a platform for growth. Randall is a hands-on executive with experience delivering such strategies and initiatives that will live and work in Kansas City.
Randall stated, “I am excited to join Everfast and capitalize on a company that can deliver the full range of services using an existing fiber and HFC network that passes 136,000 homes and 20,000 businesses and can expand into profitable new territory. I look forward to making Kansas City my home and being part of a local company in a community with values and a work ethic that match my own. I will be working with the team at Everfast to grow the business and deliver first rate service and opportunities for customers, employees, the community and debt and equity investors in the company.”
About Everfast
Headquartered in Lenexa, KS, Everfast Fiber Networks is a local provider of high-speed data, telephony and video services to residential, commercial and carrier customers in the Kansas City metro area. Everfast has been serving Kansas City since 1999 and was the first Kansas City internet provider to bring the fiber network experience to residential customers. Everfast was acquired in December 2022 by funds managed by Astatine Investment Partners LLC as a divisional carveout from Consolidated Communications. For more information, please visit: www.everfastfiber.com.
Said Nashashibi Rejoins Astatine Investment Partners as Managing Director in Global Investments
Comments Off on Said Nashashibi Rejoins Astatine Investment Partners as Managing Director in Global Investments
Astatine Investment Partners, a leading alternative investment firm specialising in mid-market, core-plus infrastructure, today announced that Said Nashashibi has rejoined the firm as a Managing Director in Global Investments.
Based in the firm’s Greenwich, CT, office, Said will take on a leadership role in the Utility Related Infrastructure sector for current and existing infrastructure funds and will assist the firm’s global equipment leasing strategy. Said will join the investment committees of the infrastructure funds and equipment leasing strategy.
Said previously worked at Astatine for 13 years before leaving to join American Triple I, an infrastructure fund manager. While at Astatine, Said worked on several investments and portfolio companies including Heathrow and Virginia International Gateway. In addition to his role within Global Investments, Said also served as a voting member of the investment committees of the firm and was the firm’s Chief Risk Officer.
“We are delighted to welcome Said back to the firm. He brings a wealth of experience across our core sub-sectors including utility-related and transportation”, said Astatine’s CEO and co-Managing Partner, Jim Metcalfe. “Said will be a key member of the leadership team in helping to drive our future growth as a firm. We look forward to his contributions at Investment Committee, including his insights on risk management as our former Chief Risk Officer.”
About Astatine Investment Partners
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments. Based in Greenwich CT and London, AIP manages funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect the shift from our origins as a large-cap, core focused manager to focus from 2014 onwards on the mid-market, core-plus space. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships. For more information on AIP, please visit: https://astatineip.com/.
Contacts
Media:
Longacre Square Partners
Dan Zacchei / Kate Sylvester
Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo Investment
Comments Off on Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo InvestmentGreenwich, CT – April 30, 2024 – Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.
HEP Catalyst InvestCo (“Catalyst”) owns 50% of Catalyst Midstream Partners, which owns and operates an oil gathering pipeline system and three gas processing plants in the Delaware Basin of the greater Permian Basin. Funds managed by Astatine Investment Partners acquired an interest in Catalyst in 2017, when Catalyst was formed as a joint venture with Howard Midstream Energy Partners (“Howard”). Devon Energy (“Devon”) is the anchor producer and retains the remaining 50% interest in Catalyst Midstream Partners.
Since 2017, Catalyst Midstream Partners, led by Howard as developer and operator of the system, grew from a small oil gathering system to a comprehensive gathering and processing complex with three cryogenic processing facilities capable of receiving 600 million cubic feet per day of natural gas for several prominent upstream producers. Astatine’s exit of Catalyst marks the second investment alongside Howard; Astatine also owned a large stake in Howard from 2013 to 2022.
“Howard has been one of our longest standing relationships. The sale of our interest in Catalyst completes the journey of growth from the construction stage of a single plant underpinned by a contract to a comprehensive midstream system. We wish Mike Howard and his management team well as they continue to lead Catalyst and the broader Howard business into their next phase of growth,” said Jim Metcalfe, Astatine’s CEO & Co-Managing Partner.
About Astatine Investment Partners
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments. Based in Greenwich CT and London, AIP manages funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect the shift from our origins as a large-cap, core focused manager to focus from 2014 onwards on the mid-market, core-plus space. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships. For more information on AIP, please visit: https://astatineip.com/.
Contacts
Media:
Longacre Square Partners
Dan Zacchei / Kate Sylvester
Astatine Investment Partners Acquires NRG Riverside
Comments Off on Astatine Investment Partners Acquires NRG RiversideGreenwich, CT – April 24, 2024 – Astatine Investment Partners (“AIP” or “Astatine”, formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced that with funds it manages it has acquired NRG Riverside (“NRG Riverside” or the “Company”), the UK’s leading rental provider of specialist waste collection vehicles, from Palatine and other shareholders.
NRG Riverside leases, rents and maintains specialist vehicles such as waste collection trucks to local authorities and private companies. With a total existing fleet of over 2,000 vehicles, it is the largest provider of specialist refuse collection vehicles (“RCVs”) in the UK. It has a network of 10 strategically located workshops providing a UK-wide maintenance and servicing footprint and a comprehensive end-to-end fleet hire service proposition.
“We are delighted to acquire NRG Riverside and look forward to working alongside the management team in delivering the next phase of growth, including supporting customers in their transition to zero emission vehicles,” said Jim Metcalfe, CEO and Co-Managing Partner of Astatine. Ben Catt, Partner of Astatine and Head of European Investments, added: “The Company is the clear market leader in this space, servicing customers in the provision of an essential service. We are attracted by the high levels of contracted and recurring revenues, growth prospects in waste and adjacent sectors, and the strong reputation of the business”.
“We are excited to be partnering with Astatine on the next chapter of NRG Riverside’s growth journey,” said Darren Powell, CEO of NRG Riverside. “We look to the future with confidence and with a clear plan for future growth. With recent internal promotions to further strengthen our experienced leadership team, we continue to offer the best customer-led experience from initial enquiry to vehicle delivery and future renewal. The growing relationships with our customers and their operations mean we are also well placed to support the important transition to net zero emissions.”
Astatine worked with Hogan Lovells as legal counsel, Alvarez & Marsal for financial and tax diligence, and Roland Berger for commercial due diligence.
Financial terms have not been disclosed.
About Astatine
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments. Based in Greenwich CT and London, AIP manages three funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield. Astatine has invested in more than 30 infrastructure businesses across North America and Europe that serve over 100 million customers annually in more than 550 cities globally. Astatine’s other similar infrastructure investments include ACL Airshop, a global leader in air cargo unit load device logistics; BTR, a leader in refuse truck rental in the US; Kelling Group, a leader in the leasing and rental of infrastructure equipment in the UK; and PECO Pallet, a leading transportation and logistics company.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect its shift from a large-cap, core focused manager to focus, from 2014 onwards, on the mid-market, core-plus strategy. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships. For more information on AIP, please visit: https://www.astatineip.com.
About NRG Riverside
Founded in 1996, NRG Riverside is the clear market leader serving communities in the UK directly and indirectly in the provision of waste collection vehicles under long-term contracts and on a rental basis. The Company has an integrated offering of lease or rental of vehicles, repair and maintenance, and regulatory compliance services, which is highly valued by customers and generates high levels of contract renewals and recurring revenues. With a fleet of over 2,000 vehicles and a network of 10 workshops, it is the largest provider of RCVs in the UK, having grown its fleet by approximately 25% over the last two years. NRG Riverside is headquartered in Skelmersdale, Lancashire. For more information on the Company, please visit: https://nrgriverside.com.
Media Contacts
Longacre Square
Dan Zacchei / Kate Sylvester
dzacchei@longacresquare.com / ksylvester@longacresquare.com
Astatine Investment Partners to Acquire McKeil Marine
Comments Off on Astatine Investment Partners to Acquire McKeil MarineGreenwich, CT – November 3, 2023 – Astatine Investment Partners (“AIP” or “Astatine” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced that it has acquired McKeil Marine Limited (“McKeil” or the “Company”), a Canadian marine transportation business, from TorQuest Partners.
Founded in 1956, McKeil is one of Canada’s leading marine transportation and project service providers. The Company’s highly skilled crew operates a modern and customized fleet of 13 dry and liquid bulk vessels as well as the largest in-class fleet of tugs and barges on the Great Lakes in Canada. McKeil delivers customized transportation and project services to a wide range of customers and industries across the Great Lakes, St. Lawrence Seaway, East Coast and the Canadian Arctic.
We are excited to partner with one of the most innovative and trusted marine service providers in Canada,” said Jim Metcalfe, CEO and Co-Managing Partner of Astatine. “McKeil provides meaningful downside protection through its long-term inflation-linked contracts. There is also a tremendous opportunity to evolve its service offerings and strategically expand its diverse fleet. We look forward to working closely with McKeil’s management team and talented crew to further build upon its market leadership and historical growth.”
Astatine has invested in more than 30 infrastructure businesses across North America and Europe that serve over 100 million customers annually in more than 550 cities globally. With investments across the digital, transportation, utility-related and essential services sectors, Astatine’s other current investments include ACL Airshop, a global leader in air cargo unit load device logistics; PECO Pallet, a leading transportation and logistics company; and Virginia International Gateway, the most highly automated container terminal in North America.
We are thrilled to be partnering with Astatine Investment Partners on the next chapter of McKeil’s growth journey and look forward to working together in pursuit of our long-standing mission to become Canada’s premier marine transportation provider,” said Scott Bravener, CEO of McKeil Marine. “We are confident that Astatine’s track record helping to scale marine transportation and logistics businesses makes them the ideal long-term partner for McKeil.”
Astatine worked with National Bank Financial as sole financial advisor, Cassels Brock & Blackwell LLP as legal counsel, Holland & Knight LLP as regulatory counsel, RSM for financial and tax diligence, and Mercator for commercial due diligence.
About Astatine
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments. Based in Greenwich CT and London, AIP manages three funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect its shift from a large-cap, core focused manager to focus, from 2014 onwards, on the mid-market, core-plus strategy. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships. For more information on AIP, please visit: https://astatineip.com/.
About McKeil Marine
Established in 1956, McKeil Marine provides marine transportation and project services for a wide range of industry sectors. McKeil earned a strong reputation as a dynamic, innovative and trusted marine solutions provider for customers across the Great Lakes, St. Lawrence Seaway, East Coast and the Canadian Arctic. Industry analysts consider the business to be an exemplary Canadian success story that has remained true to the vision of its founder, Evans McKeil: Maintaining a commitment to its people, its customers and the communities in which it operates. For more information on McKeil Marine, please visit: https://mckeil.com/.
Media Contacts
Longacre Square Dan Zacchei / Kate Sylvester
dzacchei@longacresquare.com / ksylvester@longacresquare.com
Astatine Investment Partners Appoints Ben Catt as Partner, Head of European Investments
Comments Off on Astatine Investment Partners Appoints Ben Catt as Partner, Head of European InvestmentsAstatine Investment Partners Appoints Ben Catt as Partner, Head of European Investments and Member of Astatine Investment Committee
Astatine Investment Partners (formerly Alinda Capital Partners), a leading alternative investment firm specialising in mid-market, core-plus infrastructure, today announced that Ben Catt has joined the firm as a Partner and Head of European Investments. Based in the firm’s London office, Ben will oversee Astatine’s investment strategy in the UK and the rest of Europe, and build on Astatine’s existing strengths in transportation, utility-related and digital infrastructure. Ben will also join the firm’s Global Investment Committee.
Ben joins Astatine after spending over a decade at Evercore, where most recently he was Senior Managing Director and Co-Head of the Utilities, Infrastructure and Transport Group at Evercore, across Europe and Asia. Ben has advised Astatine on a number of occasions, including on the take-private of Energy Assets Group and the sale of South Staffordshire Water Group to KKR. He has advised several other leading global infrastructure investors during his 20-year investment banking career including 3i Infrastructure, Antin, CPPIB, GIC, Goldman Sachs, I Squared Capital, JPM, KKR, Macquarie, Q-Super, OMERS, OTPP and USS. We are very excited to welcome Ben to the team.
“Ben brings incredible depth of experience as a leader and advisor across a broad range of infrastructure sub-sectors,” said Astatine’s CEO and co-Managing Partner, Jim Metcalfe. “We are delighted to welcome him to Astatine as we enter the next exciting stage of growth as a firm. We look forward to his contributions to the platform as Head of European Investments, and across our core-plus strategies”.
“I am excited to be joining Astatine Investment Partners to spearhead further investment activity in Europe. Astatine is one of the last fully independent, global, mid-market infrastructure managers and I’m looking forward to being part of this next chapter of growth”, said Ben.
About Astatine Investment Partners
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments.
Based in Greenwich CT and London, AIP manages three funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect the shift from our origins as a large-cap, core focused manager to focus from 2014 onwards on the mid-market, core-plus space. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships.
Astatine Investment Partners Successfully Exits CVO Infrastructure Investment
Comments Off on Astatine Investment Partners Successfully Exits CVO Infrastructure InvestmentAstatine Investment Partners (formerly Alinda Capital Partners), a private equity firm focused on infrastructure investments, announced the successful exit of CVO, a transportation infrastructure investment, to PrePass Safety Alliance, a non-profit public-private partnership focused on the safety and efficiency of highways in North America.
CVO Holding Company, LLC (“CVO”), is a transportation infrastructure company that serves PrePass Safety Alliance in the delivery of weigh-station bypass and electronic toll payment services for the North American trucking industry. CVO serves PrePass Safety Alliance by using technology to enable qualified trucking subscribers the ability to legally bypass weigh-stations operated on highways by government transportation agencies. It also provides the trucking industry with electronic toll payment services, truck and driver data and safety analytics. These essential infrastructure services enhance highway safety and compliance while improving motor carrier economics. These services also provide environmental benefits through reduced emissions, lower fuel usage and reduced travel time.
Funds managed by Astatine Investment Partners acquired CVO in 2018 as a carve-out from Conduent Inc. Astatine established a stand-alone organization and invested heavily in management, systems and procedures to enhance growth and improve service to PrePass Safety Alliance. CVO focused on achieving outstanding operational performance and service.
“We are proud of the significant growth and strategic transformation accomplished during Astatine’s ownership over the past four years. This investment delivered strong cash yield and capital appreciation for our investors. The CVO investment fit our infrastructure strategy by delivering our investors the characteristics of a nationwide toll-road for freight. We valued CVO’s COVID-19 resilience, recession-resistant nature, and the opportunity to work with and ultimately sell to a public-private partnership. We are grateful for the outstanding performance of CVO’s talented management team and dedicated employees. We wish them continued success with the new owner” said Jim Metcalfe, Astatine’s CEO & Co-Managing Partner.
Simpson Thacher acted as legal adviser to Astatine.
Astatine Investment Partners
Astatine Investment Partners is a leading, independent, mid-market private equity firm focused on infrastructure investments.
Based in Greenwich CT and London, AIP manages three funds that invest in infrastructure in North America and Europe. We target investments in the digital, transportation, utility-related and essential services sectors, with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and a strong focus on cash yield.
Astatine was founded in 2005 as Alinda Capital Partners and is one of the world’s most experienced infrastructure investment firms. Alinda Capital Partners changed its name in 2022 to Astatine Investment Partners, to reflect the shift from our origins as a large-cap, core focused manager to focus from 2014 onwards on the mid-market, core-plus space. Astatine specializes in carveouts, take privates of public companies and the formation of strategic partnerships.
PrePass Safety Alliance
PrePass Safety Alliance is a non-profit public-private partnership established to improve commercial transportation safety and efficiency. PrePass allows states to preclear qualified motor carriers to safely bypass inspection and weigh station facilities at highway speeds. The Alliance has invested over $900 million nationwide to deploy services to improve safety, reduce truck-related emissions and preserve highway infrastructure.
Alinda Capital Partners rebrands its mid-market infrastructure strategy to Astatine Investment Partners
Comments Off on Alinda Capital Partners rebrands its mid-market infrastructure strategy to Astatine Investment PartnersWednesday April 13, 2022: Alinda Capital Partners has been investing in and managing infrastructure investments for over 17 years. Today, our mid-market, core-plus infrastructure business is known as Astatine Investment Partners (“AIP”). Our name change is a reflection of our shift from our origins as a large-cap, core focused infrastructure manager, to our current focus as a mid-cap, core-plus focused manager, under a new leadership team. Astatine is the rarest naturally-occurring chemical element on earth and is difficult to synthesise. We believe that our mid-market investment strategy is unique, ahead of the curve and difficult to replicate. We are focused on finding innovative ways to invest in digital, transportation, utility-related and essential services infrastructure, in spaces adjacent to core infrastructure.
Alinda Signs Definitive Agreement to Acquire Kansas City Fiber Network
Comments Off on Alinda Signs Definitive Agreement to Acquire Kansas City Fiber NetworkMarch 3, 2022: Fund IV has signed a definitive agreement to acquire from Consolidated Communications Holdings Inc., its fiber and hybrid fiber coax network serving residential, commercial and carrier customers located in Kansas City in the U.S.
Alinda is one of the few infrastructure funds with experience in corporate carve-outs and used this expertise to recruit a management team, establish a plan for new software and systems and structure transition service agreements to stand up the new company.
This transaction is subject to FCC, Team Telecom and other regulatory approvals, which are expected to take 6-9 months.