OMERS Infrastructure, the infrastructure investment arm of OMERS, one of Canada’s largest defined benefit pension plans, has agreed to the 100% equity acquisition of Navisun LLC, a distributed generation and small utility-scale solar independent power producer, from a fund managed by Ares Management Corporation.
CohnReznick Capital acted as financial advisor to OMERS Infrastructure on the transaction.
The acquisition marks OMERS’ entry into the distributed generation sector. The partnership with OMERS will allow Navisun, in turn, to further scale and diversify its existing U.S. solar and storage distributed generation portfolio.
“OMERS Infrastructure is a premier global clean energy investor, and we are proud to have helped them further the energy transition with their expansion into distributed generation in North America,” said Gary Durden, Managing Director at CohnReznick Capital.
For additional details on this transaction, please contact Gary Durden.
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