CS Energy announces closing of acquisition by American Securities

CS Energy announces closing of acquisition by American Securities

CS Energy announces closing of acquisition by American Securities 150 150 Energy Storage Journal

May 14, 2021: CS Energy, a project management firm for the solar, storage, and emerging energy industries, announced that on May 4 that it had been acquired by affiliates of American Securities, a 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 1GW of solar projects and 300 MWh of energy storage projects throughout the US and in 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.”

Lazard acted as lead financial adviser to CS Energy on the transaction. Cowen also acted as financial adviser to CS Energy. Morgan Lewis & Bockius was legal counsel to CS Energy. Weil, Gotshal & Manges served as legal counsel to American Securities.