Private equity firm Antin Infrastructure Partners is acquiring the U.S. district energy assets of optimized resource management group Veolia for $1.25 billion.
Veolia is selling the assets through its Veolia Energy North America Holdings Inc. unit. The target portfolio comprises steam, hot and chilled water and electricity production plants, as well as 13 networks in 10 cities across the U.S.
The deal is expected to close in the fourth quarter, pending regulatory approval.
Antin specializes in energy and environment, telecom, transport and social infrastructure, according to its website.