Prior to joining BBIP
he was managing director at John Hancock Life Insurance
consortium includes IVG Immobilien, Hochtief AirPort, Vienna Airport, Fraport, and the engineering firm Dorsch Consult.
We see great opportunity in the business and believe BBIP
is an excellent partner to support the next phase of Alkane's development," he said.
served as BBIP
s financial advisor for this transaction, and Baker & McKenzie LLP serves as its legal advisor.
People will always need, you know, power, water, things provided by regulated utilities, said BBIP
Principal Rob Keough, and so, when we look at kind of what are we going to invest their money in, a regulated utility like Upper Peninsula Power is right down the middle of the fairway.
We are confident BBIP will be committed to UPPCO s customers, employees and the Upper Peninsula," he added.
Commenting today for BBIP, Managing Partner Rob Gregor said, "The acquisition of UPPCO is a landmark transaction for BBIP.
This business, BBIP, was set up in 2011, with the recruitment of four senior individuals.
Today, the BBIP fund reached first close with US$317 million (Au200 million) of commitments, of which Balfour Beatty has committed US$110 million (Au70 million).