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Written by: Leonard Parker | Solar News | 05th May
CS Energy has been acquired by affiliates of American Securities LLC, a leading US private equity firm. American Securities acquired the equity interests in CS Energy from a fund managed by the Infrastructure and Power strategy of Ares Management Corporation and The Conti Group. CS Energy has constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets.
“CS Energy is extremely excited to be partnering with American Securities through our next phase of growth,” said Matthew Skidmore, CEO of CS Energy. “Our management team and strategy will remain consistent on a go-forward basis and we are excited to continue to grow our business by continuing to execute great projects for our customers.”
“CS Energy fits squarely within our strategy to acquire market leading companies servicing the U.S. energy transition to renewables,” said Michael Sand, a Managing Director of American Securities. “We are impressed by the CS Energy management team, corporate culture and outstanding track record, and are thrilled to partner with management to achieve its growth plans.”
“We are extremely proud of the growth and accomplishments of CS Energy during our ownership over the last three years,” said Keith Derman, Partner and Co-Head of Ares Infrastructure and Power. “Our shared vision with the talented management team was executed seamlessly with admirable results. Our commitment to investing in the energy transition remains strong, and we anticipate future opportunities to partner with CS Energy on the development and construction of new facilities.”
“The Conti Group is proud of the growth that CS Energy has had over the past three years with its strong partnership with Ares and we look forward to its continued growth and success with American Securities,” said Kurt Conti, Chairman of The Conti Group. “This investment continues to advance our longstanding vision of building a world-class renewable energy company.”