Powering: Arcus Infrastructure Acquires Majority Stake
Deal News | Feb 05, 2025 | Finance Community IT - 3 Private Equity
Arcus Infrastructure Partners has acquired a majority stake in Powering, a leading energy solutions provider in Italy specializing in generator hire for critical network and industrial operations. This acquisition marks the seventh investment by the Arcus European Infrastructure Fund 3 SCSp, furthering its strategy in the European energy rental market. Founded in 2011, Powering owns a fleet of approximately 1,500 generators and operates through over 55 depots across Italy. The company specializes in providing fast-response energy solutions, securing 90% of its revenue from long-term contracts with major Italian utilities and network maintenance operators. Under Arcus' ownership, Powering aims to enhance sustainability by upgrading to more efficient generators and exploring hybrid and hydrogen options. Key advisors in the transaction included Gianni & Origoni, Bain, Houlihan Lokey, PwC, Afry, and Aon.
Sectors
- Infrastructure Investment
- Energy Services
Geography
- Italy – Powering operates throughout Italy, providing crucial energy solutions with its fleet of generators.
- Europe – Arcus Infrastructure Partners, with its investment strategy, is focusing on expanding its presence in the European energy rental market.
Industry
- Infrastructure Investment – The acquisition is part of an infrastructure investment strategy focused on energy solutions, critical for network and industrial operations.
- Energy Services – Powering provides critical energy services, leveraging a sizable fleet of generators for Italian utilities, aligning with the energy transition trends.
Financials
- – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arcus Infrastructure Partners | Bidding Company | Company | A private equity firm focusing on infrastructure investments. |
| Powering | Target Company | Company | An Italian company providing energy solutions through generator rentals, playing a significant role in network and industrial operations. |
| Gianni & Origoni | Legal Advisor | Company | A legal firm advising Arcus Infrastructure Partners. |
| Bain | Commercial Advisor | Company | Provided commercial advisory services for the transaction. |
| Houlihan Lokey | Debt Advisor | Company | Advised on debt financing aspects of the deal. |
| PwC | Financial, Tax, and Structuring Advisor | Company | Offered financial, tax, and structuring consultancy services. |
| Afry | Technical Advisor | Company | Provided technical advisory services. |
| Aon | Insurance Advisor | Company | Offered insurance-related advisory services. |
| Stefano Brugnolo | Partner & Head of Energy | Person | Partner at Arcus Infrastructure Partners, leading the energy sector. |
| Piero Giancano | Founder & CEO | Person | Founder and CEO of Powering, overseeing the company's growth and strategic direction. |