DLA Piper advises Fiera Infrastructure and Palisade Infrastructure in joint acquisition of Amp US
DLA Piper’s US Renewables Team advised both Fiera Infrastructure Inc. (Fiera), an affiliate of Fiera Capital Corporation, and Palisade Infrastructure Group (Palisade) in the acquisition of 100 percent of the equity interests of Amp US Primary Holdings Inc. (Amp US), a US-based renewable energy generation and battery storage business.
Amp US is a leading developer, owner and operator of US community solar and storage projects. Since entering the US market in 2016, the company has built a portfolio with generation capacity of approximately 200 MWDC across 39 operating or under construction projects. Additionally, the company has a large pipeline of solar and storage projects expected to be developed and built across existing and new US markets. Its management team has deep experience in greenfield development, asset management, offtaker and subscriber management, project acquisitions and financing.
Fiera Infrastructure and Palisade Infrastructure will continue to support the company's long-term strategy to develop, own and operate its growing portfolio and bring the financial and economic benefits of solar generation and battery storage to local communities across the US, including low-to-moderate income households and housing authorities.
“It was a privilege to work with Fiera and Palisade on a joint acquisition that will scale Amp US’s business and support both Fiera and Palisade’s mission to provide clean energy across core markets,” said Vanessa Richelle Wilson, US chair of DLA Piper’s Energy and Natural Resources sector and the partner who led the deal team. “On behalf of our team, it was a pleasure to apply our extensive M&A capabilities to this transaction and support the development of more community solar in the US.”
In addition to Wilson (Washington, DC), the DLA Piper team included partners Drew Young and Paolo Morante (both in New York), Rita Patel (Washington, DC) and Stephen Taeusch (San Francisco); of counsel Andrea Chambers (Washington, DC); and associates James Calitri (Boston), Stephanie Pfaff (San Diego) and Wei Li (Palo Alto).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 13 consecutive years, according to Mergermarket.
DLA Piper's Renewables team advises energy companies, infrastructure funds, utilities, lenders and tax equity investors in the purchase, sale, development, construction and financing of energy projects, portfolios and companies, including renewable generation projects (utility-scale, distributed and residential solar, onshore and offshore wind, biomass and hydro), energy storage facilities, transmission systems, hydrogen production facilities and other energy-based transactions.
For decades, the firm has represented organizations operating in the sector throughout the world, with a global team serving clients in the power, oil and gas, renewable, nuclear, energy trading, climate change and water markets.