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Tiger Infrastructure to buy Danskammer Energy

Tiger Infrastructure said Sept. 14 that it agreed to buy Danskammer Energy LLC from Mercuria Energy Group. Agate Power is also investing. Financial terms weren’t announced. Danskammer Energy owns Danskammer Generation Station, a 500 MW gas-fired power plant located near Newburgh, New York.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Tiger Infrastructure announced today that it had signed an agreement to acquire Danskammer Energy, LLC from Mercuria Energy Group. Tiger has partnered in this investment with Agate Power. Danskammer Energy, LLC is the owner of Danskammer Generation Station, a 500 MW gas-fired power plant located near Newburgh, New York. The facility provides energy and capacity to the NYISO Lower Hudson Valley capacity region. The acquisition is expected to close during 2017.
About Tiger Infrastructure
Tiger Infrastructure Partners is a middle-market private equity firm that invests in growing infrastructure platforms. Tiger Infrastructure targets investments in communications, energy, transportation, and related sectors, primarily located in North America and Europe.
About Agate Power
Agate Power is a privately held U.S. independent power company founded by William Reid. The firm is focused on developing, acquiring, and managing investments in the power generation sector.
About Mercuria
Mercuria is one of the world’s largest independent energy and commodities trading groups. The group, primarily focused on energy, is present all along the commodities value chain with activities forming a balanced combination of commodities flows and strategic assets. More than 1,000 people are operating from offices worldwide to sustain the group’s extensive business reach with their market knowledge, diversity, and experience.