Subterra Renewables and Forum Equity Partners Announce C$250 Million District Energy Partnership
Subterra Renewables (“Subterra”), a leading low-carbon district energy company, and Forum Equity Partners (“Forum”), an alternative asset private capital investor with a focus on real estate, infrastructure, renewables, and building services are excited to announce their landmark C$250 million strategic and financial partnership.
The partnership between Subterra and Forum is focused on developing and operating low-carbon heating and cooling systems for new large-scale commercial and residential real estate developments across North America.
Lane Theriault, President of Subterra, commented, “We are looking forward to partnering with Forum and leveraging their experience that comes with having a successful 23-year track record of developing, investing and managing infrastructure, renewable energy, and real estate assets.”
Richard Abboud, Founder and CEO of Forum, commented, “Geothermal district energy is a proven, reliable, clean energy alternative to traditional HVAC. We are committed to supporting the roll-out of Subterra’s innovative business model across North America and are proud to support the widespread adoption of geothermal district energy in general.”
About Subterra Renewables
Subterra Renewables provides efficient, low-carbon, geothermal heating and cooling systems in commercial and residential buildings. The company offers a unique off-balance sheet solution that allows property developers to capture upfront capital savings while increasing the value and marketability of their properties. Subterra will design, fund, own, and operate a geothermal energy system at zero cost for the developer. For further information, please visit our website at www.subterrarenewables.com.
About Forum Equity Partners
Forum is an alternative asset private capital investor with a focus on real estate, infrastructure, renewables, and building services. Working with their partners and clients, Forum achieves aggressive growth and success beyond expectations through innovation and consistent performance as a top-tier alternative asset class developer, investor, and manager. Forum continues to deliver a cumulative return on invested capital in the top 1% of alternative asset managers and oversees approximately C$1.3 billion enterprise value of assets under management. Over the last two decades, Forum has acquired, sold, developed, or bid, on a committed financing basis, over C$3 billion of assets. For further information, please visit their website at www.forumequitypartners.com.
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