Investments
1Portfolio Exits
1Funds
1About SteelRiver Infrastructure Partners
SteelRiver Infrastructure Partners is an independent investment firm that focuses on large infrastructure projects such as power plants, electric transmission systems, ports, and water projects.
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Latest SteelRiver Infrastructure Partners News
Oct 24, 2019
11 hours ago First State Investments (FSI) has wrapped up the acquisition of Patriot Rail and Ports from SteelRiver Infrastructure Partners. The financial details of the acquisition were not revealed. Patriot operates 12 short line freight railroads with over 585 track miles in 14 US states. Based in Jacksonville, Florida, the company also has a port business in southeast US. FSI said that this is its first unlisted infrastructure investment in the country. It currently manages unlisted infrastructure investments worth $8bn in the UK, continental Europe, Australia, New Zealand and North America. FSI focuses on transportation and utility mid-market companies around the world. Currently, the company manages around $156bn around the world for different institutional and retail investors. Following the acquisition, the acquired firm’s board of directors will include Patriot CEO John Fenton, FSI directors Gavin Kerr and John Ma, Patriot chairman Gilbert Lamphere, White Deer Energy former partner Alexander Lynch, Patriot vice chairman Chris McArthur and retired US Army lieutenant general Richard Timmons. In addition to line haul and local rail service, Patriot also offers other rail-related services, including railcar storage, transloading, railcar cleaning, scrapping, repair and maintenance, and contract switching. Services offered by Patriot’s ports business include terminal stevedoring, logistics and warehousing services across nine terminals. Furthermore, it offers two cold storage facilities in the south-eastern US. Ma said: “Patriot, with its strong operating business and management team led by CEO John Fenton, is now a core asset in our global infrastructure investment portfolio. “Railroads are long life assets that provide essential transportation services to a diverse customer base. We are excited to support the Patriot team and see many opportunities to continue to expand the business in North America.” First State Investments financed the deal through a term load offered by RBC Capital Markets and Barclays. Barclays and Winston & Strawn law firm advised SteelRiver, while BC Capital Markets and Mayer Brown law firm advised FSI.
SteelRiver Infrastructure Partners Investments
1 Investments
SteelRiver Infrastructure Partners has made 1 investments. Their latest investment was in Sierra Energy as part of their Unattributed on June 6, 2016.
SteelRiver Infrastructure Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/16/2016 | Unattributed | Sierra Energy | $57M | Yes | 1 |
Date | 6/16/2016 |
|---|---|
Round | Unattributed |
Company | Sierra Energy |
Amount | $57M |
New? | Yes |
Co-Investors | |
Sources | 1 |
SteelRiver Infrastructure Partners Portfolio Exits
1 Portfolio Exit
SteelRiver Infrastructure Partners has 1 portfolio exit. Their latest portfolio exit was Patriot Rail on August 29, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/29/2019 | Acq - Fin - II | 1 |
Date | 8/29/2019 |
|---|---|
Exit | Acq - Fin - II |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
SteelRiver Infrastructure Partners Acquisitions
1 Acquisition
SteelRiver Infrastructure Partners acquired 1 company. Their latest acquisition was Patriot Rail on May 08, 2012.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/8/2012 | Acq - Fin | 1 |
Date | 5/8/2012 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin |
Sources | 1 |
SteelRiver Infrastructure Partners Fund History
1 Fund History
SteelRiver Infrastructure Partners has 1 fund, including SteelRiver Infrastructure Fund North America LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2008 | SteelRiver Infrastructure Fund North America LP | REAL Assets | Closed | $1,900M | 1 |
Closing Date | 12/31/2008 |
|---|---|
Fund | SteelRiver Infrastructure Fund North America LP |
Fund Type | REAL Assets |
Status | Closed |
Amount | $1,900M |
Sources | 1 |
SteelRiver Infrastructure Partners Team
2 Team Members
SteelRiver Infrastructure Partners has 2 team members, including current Chief Executive Officer, Chris Kinney.
Name | Work History | Title | Status |
|---|---|---|---|
Chris Kinney | Chief Executive Officer | Current | |
Name | Chris Kinney | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer | |
Status | Current |
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