Diverso Energy Partners with Mattamy Homes for Exclusive Geothermal Projects
Deal News | May 21, 2025 | DIF Capital Partners
CVC DIF's geoexchange platform, Diverso Energy, has entered into a strategic partnership with Mattamy Homes, one of North America's largest homebuilders. This partnership makes Diverso Energy the exclusive provider of geothermal heating and cooling systems for select Mattamy residential developments in Canada. Through this collaboration, Mattamy Homes will contribute over 2,300 residential units as seed assets, enhancing the foundation for future growth in sustainable and energy-efficient homebuilding. The initiative aligns with both companies' commitment to sustainability and aims to set new standards in the industry by accelerating the adoption of low-carbon, geoexchange technologies in residential developments. CVC DIF acquired a majority interest in Diverso Energy in 2023, facilitating its growth in North America.
Sectors
- Renewable Energy
- Real Estate Development
Geography
- Canada – The partnership and its developments are taking place across Canada, involving Canadian residential projects by Mattamy Homes.
- North America – The entities involved, Diverso Energy and Mattamy Homes, operate on a continental scale as major players in North America's geothermal and homebuilding industries.
Industry
- Renewable Energy – The focus of the article on geothermal energy solutions indicates its relevance to the renewable energy industry, highlighting advancements and investments in eco-friendly energy systems.
- Real Estate Development – This sector is relevant as the partnership involves significant real estate entities and developments, impacting residential construction and energy solutions in housing.
Financials
- 2023 – Year when CVC DIF acquired a majority interest in Diverso Energy, facilitating its growth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Diverso Energy | Target Company | Company | A leading geoexchange utility in North America, providing geothermal heating and cooling solutions through an Energy-as-a-Service model. |
| Mattamy Homes | Partner Company | Company | One of North America's largest privately-owned homebuilders, focusing on sustainable and low-carbon residential developments. |
| CVC DIF | Private Equity Firm | Company | The infrastructure strategy branch of CVC Capital Partners, involved in managing Diverso Energy and facilitating its strategic growth. |
| Brad Carr | CEO of Mattamy Homes | Person | Expressed enthusiasm for the partnership with Diverso Energy to promote geothermal solutions. |
| Tim Weber | CEO of Diverso Energy | Person | Highlighted the significance of the partnership as a milestone for Diverso Energy. |
| Gijs Voskuyl | Managing Partner of CVC DIF | Person | Managed the strategic scaling of platforms for Diverso Energy, emphasizing the partnership's potential. |