Stonepeak Wins Three Infrastructure Investor Awards for 2024
Infrastructure Investor has named Stonepeak its 2024 Transport Investor of the Year (Global), Transport Investor of the Year (North America), and Energy Transition Investor of the Year (North America). Last year, our investment team was incredibly active in these two sectors, with several large, high-profile, and creative transactions that were announced or had closed in the calendar year.
Our transport team was active in both the public and private markets. In March, we completed the acquisition of Textainer (NYSE: TGH), one of the world’s largest lessors of intermodal containers, in a transaction valued at $7.4 billion, and in November, we agreed to acquire Air Transport Services Group (NASDAQ: ATSG), a global leader in medium widebody freighter aircraft leasing, in a transaction valued at $3.1 billion. We also completed investments in The AA, the U.K.’s leading provider of roadside assistance, and LOGISTEC, a leading provider of specialized services to the marine community.
In the North American energy sector, “scale was the name of the game,” Infrastructure Investor wrote. In October, we completed an investment in Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project, which is one of the largest planned offshore wind projects in the U.S. and is expected to generate up to 2.6 GW of renewable energy, or enough to power 660,000 homes. In that same month, we agreed to invest in the Pelican Pipeline, a 170-mile new-build natural gas pipeline being developed by WhiteWater Midstream. Earlier in the year, we also completed our acquisition of an 80% interest in a portfolio of four U.S. onshore wind farms with a combined capacity of 957 MW.
In addition, Infrastructure Investor named Stonepeak as a runner-up in six categories:
- Fund Manager of the Year (Global)
- Fund Manager of the Year (North America)
- Equity Fundraising of the Year (North America) (Opportunities Strategy)
- Deal of the Year (North America) (CVOW)
- Digital Infrastructure Investor of the Year (Europe)
- Equity Fundraising of the Year (Asia-Pacific) (Asia Infrastructure Strategy)
The annual Infrastructure Investor Awards, selected by a panel of judges, honor the infrastructure managers, investors, and advisors that have excelled in their respective fields from every region around the world.
To be read in conjunction with the “Terms of Use, Legal Notices and Disclaimers” page on Stonepeak’s website. These awards were based on Infrastructure Investor’s own methodologies and criteria about which Stonepeak has limited visibility. Other third parties or investors may disagree with the awards. The awards are not necessarily representative of the experience of Stonepeak investors or reflective of Stonepeak’s performance. ATSG transaction has not yet closed. It should not be assumed that any of the referenced investments have been or will be profitable.