Aligned Energy (the “Company”) has announced it has received a strategic investment from Macquarie Infrastructure Partners (“MIP”), which will support the Company’s growth with significant additional capital. Aligned Energy will be jointly controlled by existing owners BlueMountain Capital Management (“BlueMountain”) funds and MIP following the transaction. Financial terms of the transaction were not disclosed.
“We are delighted to welcome MIP as an investor. The investment provides Aligned with enhanced financial resources to meet substantial levels of current market demand,” said Aligned Energy CEO Andrew Schaap. “The investment comes on the back of our recently announced 50 MW facility to be commissioned in Salt Lake City, as well as significant client activity in Phoenix, where we recently commenced construction of Phase II of our facility there. With MIP’s support we are well positioned to meaningfully expand in our existing markets and are also evaluating entry into new markets. Aligned’s value proposition uniquely positions us to benefit from the massive growth we will continue to see in this industry, driven by cloud, the Internet of Things and Big Data. The Aligned team has operated over 750 MW and developed over $3.5 billion of data centers around the globe for some of the most discerning clients. With this team of seasoned professionals, we are excited about our future partnership with MIP.”
Aligned Energy is an infrastructure technology company that offers colocation and build-to-scale solutions to cloud, enterprise, and managed service providers. The Company has operational facilities in Dallas and Phoenix, with a third facility in Salt Lake City to be commissioned in Q3 2018. The Company’s facilities can deliver up to 230 MW of critical capacity.
Macquarie Infrastructure Partners CEO Karl Kuchel said: “As an experienced investor in communications infrastructure, we are excited to invest in Aligned to help the company substantially accelerate its growth plans. The Aligned management team has extensive experience developing and operating data centers and has built two high-quality data centers that have strong leasing momentum with flagship customers. We look forward to the partnership with the Company and BlueMountain, and to continuing the growth and development of the platform in existing and new markets.”
“MIP’s investment further validates the differentiated capabilities and the customer value proposition of the Aligned platform. We are excited to join forces with a like-minded partner to further accelerate Aligned’s next phase of growth,” said Jim Pieri, portfolio manager, BlueMountain.
Citigroup Global Markets, Inc. served as exclusive financial advisor to Aligned Energy on the transaction, with legal advice provided by Arnold & Porter Kaye Scholer, LLP. Guggenheim Securities served as exclusive financial advisor to MIP and White & Case LLP provided legal advice.