DLA Piper advises Fiera Infrastructure and Palisade Infrastructure in the 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 completing 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. Amp US will now operate under the name PureSky Energy Inc. (PureSky). PureSky will remain focused on decarbonization through the development and deployment of renewable energy projects. PureSky is committed to developing and operating renewable projects across the country that have economic, ethical, and environmental benefits.
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 advise both Fiera and Palisade on the completion of the joint acquisition of Amp US and advance their collective goal of seeing community solar deployed across the US,” 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 as well as our knowledge of the renewable energy sector.”
In addition to Wilson (Washington, DC), the DLA Piper team included partners Drew Young and Paolo Morante (both in New York) and Nicholas Klein (in DC); of counsel Andrea Chambers, Catherine Campbell and Nia Brown (all in Washington, DC) and Stewart Diana (Baltimore); and associates Jameson Calitri (Boston), Stephanie Pfaff (San Diego) and James Carey and Michael Mapp (both in Houston).
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 energy 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.