Year Founded: 2003
AUM: N/A | Dry Powder: $178.8M
24 Waterway Avenue, The Woodlands, TX 77380, US
Rockland Capital is an infrastructure investment firm founded in 2003 and is based in The Woodlands, Texas. The firm seeks to invest in the infrastructure, industrial, and energy services sectors in Europe and North America
Key Contacts
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James Maiz
Co-Managing Partner
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Nolena Meche
Chief Financial Officer
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Jonathan Beach
Partner
Investment Preferences
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Preferred Industries
Energy Services, Exploration, Production and Refining, Other Business Products and Services
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Geographical Preference
Europe, North America
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Preferred Deal Types
Acquisition Financing, Buyout/LBO, Management Buyout, PE Growth/Expansion, Recapitalization
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Other Investment Preferences
Seeks distressed investments, Will syndicate
Investments By Year
Funds Closed
Size: $200M
Dry Powder: $83.6M
Details: The fund targets investments in the power sector in the US
Size: $454M
Dry Powder: $54.1M
Details: The fund preferably focuses on energy industries. Its preferred verticals include industrials, oil & gas and infrastructure
Size: $425M
Dry Powder: $41M
Details: The fund preferably focuses on exploration, production and refining mainly in North America
Investments By Industry
Investments By Region
Key Investments
In December 2021, Rockland Capital entered into a definitive agreement to acquire the two gas-fired peaking facilities of Agilon Energy for $64.3 million
In Nov 2019, Rockland Capital purchased US renewable energy portfolio from Chicago-based Seventus LLC, a subsidiary of Suzlon Energy. In this deal Rockland acquired more than 800MW wind and solar portfolio. The deal amount was not disclosed
In May 2019, Rockland Capital acquired 100% of the interests in Rolls Royce Power Development Limited – now renamed Whitetower Energy Limited from Rolls Royce Plc. The 308MW Portfolio comprises five natural gas peaking facilities located throughout the UK
In May 2018, Rockland Capital acquired 12MW natural gas combined cycle facility located in Dayton, Ohio
In May 2018, Rockland Capital acquired 12MW natural gas simple cycle facility located in Sidney, Ohio
In May 2018, Rockland Capital acquired Montpelier, a 263MW natural gas simple cycle facility located in Poneto, Indiana
In Sep 2016, Rockland Capital, LLC acquired 100% interests in a combined cycle cogeneration facility located in Clark County, Nevada (“NCA2”) \and a dual-fuel combined cycle facility located in Pasco County, Florida (“Pasco”) from affiliates of Quantum Utility Generation, LLC. NCA2 is a fully contracted, 85MW natural gas-fired qualifying facility that sells 100% of its electric output to Nevada Power under the terms of a long-term PPA and Pasco is also a fully contracted, 121MW dual-fuel combined cycle plant that sells 100% of its electric output to TECO under the terms of a Tolling Agreement
In March 2015, Rockland Capital acquired a 17MW biomass plant located in Rabun county, Georgia
In July 2013, Rockland Capital acquired Lakeswind Power Partners, LLC which owned a 49.9MW wind facility in Minnesota, US. Lakeswind will sell a majority of its power under a 20-year contract with the Wisconsin municipal joint action agency Great Lakes Utilities
In March 2012, Rockland Capital completed its acquisition of Beacon Power Corporation’s 20MW flywheel energy storage plant in Stephentown, New York, and most of the other assets of the Company. Under the terms of the agreement, Rockland purchased substantially all of the Company’s assets for a combination of cash and a promissory note to the US Department of Energy, totalling $30.5 million
Other Details
Rockland Capital’s portfolio investments are located throughout the US and the UK and ranges in size between 1,875MW to 5MW. The portfolio comprises natural gas, coal, biomass, oil, energy storage, wind and solar power. It works with industry players and vendors who are looking for an operational partner for new, existing or refurbished projects.
Its most recent open fund is Rockland Power Partners IV. The fund is managed by Rockland Capital and targets investments in the oil & gas sector.
Angelo, Ares Private Equity Group, Broadway Electrical, GE Energy Financial Services, Goldman Sachs Asset Management, Lightyear Capital, Main Line Generation, Solus Alternative Asset Management, Veber Partners, and Wolverine Power Supply Cooperative are some of the co-investors who invest alongside Rockland Capital.
Source: Pitchbook, Company Website, Press Release