ERA Partners and GeoTility Partner in an Effort to Accelerate Deployment of Geoexchange Infrastructure Across North America
ERA Partners LLC (“ERA”) today announced a majority equity investment into GeoTility Systems Corp. (“GeoTility”), a fully integrated geoexchange utility platform with operating systems in Alberta and British Columbia, Canada; Georgia; Iowa; Maryland; Michigan and Washington, United States. This strategic growth investment seeks to accelerate the expansion of GeoTility’s heating and cooling solutions throughout Canada and the United States.
ERA Partners LLC Announces Oversubscribed Close of $485 Million Continuation Vehicle for American Aviation Holdings
ERA Partners LLC (“ERA” or the “Firm”) today announced the final close of a $485 million continuation vehicle to support their aerial wildland firefighting and heavy lift companies within their American Aviation Holdings investment platform. ERA Blade Continuation Fund LP (together with its parallel fund, the “Fund”) was substantially oversubscribed, underscoring the infrastructure market’s conviction in the quality of American Aviation Holdings’ essential assets. The Fund secured commitments from both new and existing institutional infrastructure and real assets investors, as well as specialist secondary investors. StepStone Infrastructure and Real Assets acted as the lead investor in the transaction.
