July 11, 2023
AIMPERA Capital Partners Closes its Second Institutional Fund with Over $475 Million of Related Capital Commitments
October 21, 2020
AIMPERA Capital Partners Closes Cold Storage Fund at $125 Million Hard Cap
February 04, 2020
Agile Cold Storage Launched by Industry Veterans in Partnership with AIMPERA Capital Partners and Continental Grain Company
AIMPERA Capital Partners Closes its Second Institutional Fund with Over $475 Million of Related Capital Commitments
San Francisco, California, USA – July 11, 2023 – AIMPERA Capital Partners (“AIMPERA” or the “Firm”), announces the final close for its real assets fund AIMPERA Fund III LP (the “Fund”). AIMPERA is a private investment firm with a distinctive approach to scaling growth in pre-institutional operating businesses that provide essential services in the North American lower middle market. AIMPERA raised total capital commitments of more than $475 million for the Fund and related co-investment vehicles. This brings the Firm’s total assets under management to over $600 million, inclusive of AIMPERA Cold Storage Fund LP which was closed in October 2020 at its hard cap.
AIMPERA was launched in 2018 by Managing Partners and Co-Founders Matt Carbone, Ryan Barnes, and Ed Leung. The co-founders have been investing together in these types of businesses since 2007. The Firm focuses on partnership with pre-institutional, often family-owned, infrastructure operating businesses that are asset rich. Today, AIMPERA has a team of eleven investment professionals and functional executives in addition to a strategic advisory council with deep industry experience.
Matt Carbone, AIMPERA Managing Partner, said “In our view, our investing strategy is well-positioned irrespective of market cycles. We believe AIMPERA’s approach to partnering with and empowering our portfolio companies to thoughtfully scale operations is key to achieving our objective of building focused and sustainable growth in our companies.”
The Fund attracted significant interest from a diverse group of blue-chip institutional investors including public pension plans, insurance companies, endowments and foundations, single and multi-family offices, and other institutional investors deeply experienced in partnering with infrastructure managers. AIMPERA worked closely with Campbell Lutyens, a global private capital advisor, to support the fundraising process and to attract a high-quality investor base. In addition, AIMPERA engaged Latham & Watkins LLP as legal counsel for the Fund.
“It is an honor to have received such solid support from a respected group of limited partners who believe in our unique strategy” said Ed Leung, AIMPERA Managing Partner and ESG Officer. “Their capital commitments validate our differentiated approach to value creation and is a testament to our team’s ability to unearth investment opportunities with compelling return profiles.”
The Fund has invested approximately 50% of its capital commitments across four investments to date in the essential industries of cold storage, renewable natural gas, fiber optic infrastructure, and aerial firefighting. For more information on AIMPERA’s portfolio companies, please visit www.aimpera.com.
“We are excited about the prospects of the Fund and the opportunities it presents to partner with and institutionalize outstanding companies” said Ryan Barnes, AIMPERA Managing Partner. “I am proud of our team and our portfolio companies as we mark this important milestone for the Firm. We look forward to delivering on the trust and confidence our investors have placed in us.”
About AIMPERA Capital Partners
AIMPERA is a private investment firm with over $600 million in assets under management that seeks to invest in asset-rich operating businesses that provide essential services that are fundamental to the framework of American lives. Examples of investments consistent with this strategy have included food distribution, telecommunication, distributed generation, waste management, transport & logistics and housing. AIMPERA generally seeks majority stake investments, often in family-owned infrastructure businesses. These businesses are typically pre-institutional in the North American lower middle market.
For more information, please visit www.aimpera.com.
The information presented in this press release is the opinion of AIMPERA and does not reflect the view of any other person or entity. The information provided is believed to be from reliable sources but no liability is accepted for any inaccuracies. This is for information purposes and should not be construed as an investment recommendation. Past performance is no guarantee of future performance. AIMPERA is an investment adviser registered with the U.S. Securities and Exchange Commission.
Contact
Jaclyn Sene
Director of Investor Relations
AIMPERA Capital Partners
Email: jsene@aimpera.com
Phone: +1-917-915-8319
AIMPERA Completes Strategic Investment in Novilla RNG
San Francisco, California – December 22, 2021 – AIMPERA Fund III, advised by AIMPERA Capital Partners LLC (“AIMPERA”), has completed a majority equity investment in Novilla Investment Holdings, LLC (“Novilla RNG”). This investment will be used to scale Novilla RNG’s operations and execute on its pipeline of dairy renewable natural gas (“RNG”) production facilities across the U.S.
Novilla RNG is a developer, owner and operator of renewable natural gas (“RNG”) production facilities specializing in the production of pipeline-quality RNG from dairy manure. Novilla RNG is led by Mark Hill and Jared Williams who have over 24 years of combined experience spanning both the dairy RNG and landfill gas industries. The company’s relationship with AIMPERA and its operating expertise will allow it to execute and scale projects in partnership with dairy farmers across the U.S.
Mark Hill, Novilla RNG Co-CEO, said, “Novilla RNG was founded to partner with farmers to help them enhance their environmental sustainability while potentially providing a new source of revenue to enable growth. We believe that our extensive operating experience makes Novilla RNG an ideal partner for American dairy farmers.”
“We are delighted to partner with AIMPERA to enable Novilla RNG’s growth. RNG produced from dairy manure can have a meaningful impact in reducing greenhouse gas emissions due to its negative-carbon footprint. RNG from our projects intend to support decarbonization of certain sectors including municipal, commercial and industrial vehicular transportation,” added Jared Williams, Novilla RNG Co-CEO.
Matt Carbone, AIMPERA Managing Partner, said, “We are excited to combine Mark Hill and Jared Williams’ demonstrated operating experience with our investment team’s history of partnering with family-owned businesses. We look forward to building a sustainable company that supports ESG objectives through greenhouse gas reduction initiatives while also benefitting farmers.”
About Novilla RNG
Headquartered in Michigan, Novilla RNG is a leading developer, owner and operator of dairy manure based RNG production facilities. In prior roles, the Novilla RNG management team oversaw and operated eight dairy RNG and 21 landfill gas facilities across the US.
For further information about Novilla RNG, please visit www.novillarng.com.
About AIMPERA
AIMPERA is a private investment firm that seeks to invest in asset-rich operating businesses that provide essential services. Examples of such investments include waste management, distributed generation, food distribution, telecommunication, transport & logistics and housing. AIMPERA generally seeks majority stake investments, often in family-owned infrastructure businesses. These businesses are pre-institutional in the North American lower middle market.
For more information, please visit www.aimpera.com.
AIMPERA Capital Partners Closes Cold Storage Fund at $125 Million Hard Cap
San Francisco, California – October 21, 2020 – AIMPERA Capital Partners LLC (“AIMPERA”), a San Francisco-based investment firm, completed the final closing of AIMPERA Cold Storage Fund LP in September 2020 at its hard cap with limited partner commitments totaling $125 million.
Matt Carbone, an AIMPERA founding member and Managing Partner, said, “Since inception, we have desired long-term investors. We are grateful and humbled to have exceptional partners who support our mission of investing in asset-rich operating businesses that provide essential services.”
AIMPERA’s diversified range of blue-chip institutional investors includes a university endowment, public pension plan, single and multi-family offices, insurance companies and other institutional investors with deep experience partnering with infrastructure managers.
AIMPERA established AIMPERA Cold Storage Fund LP, a single asset vehicle, to invest in Agile Cold Storage LLC (“Agile”). AIMPERA and Continental Grain Company, in partnership with industry veteran Don Schoenl, launched Agile in December 2019. Members of AIMPERA’s team previously worked with Don to build Nordic Cold Storage LLC into a leading, North American temperature-controlled warehousing provider with industry-leading service.
Agile is developing a nationwide network of automated and conventional temperature-controlled warehouses. Agile partners with North American food manufacturers, processers and growers in need of temperature-controlled warehouses, bringing proven technologies and flexible problem-solving to address their supply chain challenges at lower cost and with better service.
About AIMPERA Capital Partners
AIMPERA is a private investment firm that seeks to invest in asset-rich operating businesses that provide essential services fundamental to the framework of American lives. Examples of investments consistent with this strategy have included food distribution, telecommunication, distributed generation, waste management, transport & logistics and housing.
AIMPERA generally seeks majority stake investments, often in family-owned infrastructure businesses. These businesses are pre-institutional in the North American lower middle market.
For more information, please visit www.aimpera.com
Agile Cold Storage Launched by Industry Veterans in Partnership with
AIMPERA Capital Partners and Continental Grain Company
Agile Cold Storage to build state-of-the-art nationwide network of automated temperature-controlled warehouses.
Company will leverage automation and family-run business approach to deliver consistently superior service at economical rates.
Atlanta, Georgia – February 4, 2020 – AIMPERA Capital Partners, LLC (“AIMPERA”) and Continental Grain Company (“CGC”), in partnership with industry veteran Don Schoenl, are excited to announce the launch of Agile Cold Storage LLC (“Agile” or the “Company”). Working in partnership with North American food manufacturers, processers and growers, Agile will develop a nationwide network of greenfield automated and conventional temperature-controlled warehouses. Agile was formed to increase efficiency and deliver industry-leading customer service to address unmet needs in the cold chain.
Agile’s state-of-the-art automation solutions enable its customers to stay ahead of the evolving challenges of the cold chain, including risks to food safety; increasing costs of labor, energy and transportation; smaller and more frequent orders; as well as the increasing importance of e-commerce and sustainability. With automation, Agile eliminates repetitive processes in the harshest operating environments, where traditional operators face the greatest safety risks, employee turnover and product loss. This results in more safe, reliable, and flexible operations, enabling Agile to provide consistent service and deliver sustainable cost savings to its customers.
Agile’s experienced team is led by Don Schoenl, a 25-year cold chain industry veteran and former chairman of the World Food Logistics Organization. Agile’s seasoned team brings almost 200 years of combined experience in the refrigerated warehouse industry and includes experts from the leading temperature-controlled warehousing companies in the world. In previous positions, the team oversaw the development of over 500,000 new temperature-controlled pallet positions, including over 200,000 fully automated pallet positions.
“We formed Agile because there is such a need for more flexible, dependable, consistent, high-quality service partners in the cold storage industry. By combining a family business approach of ‘how can we help’ with the most modern systems and warehouse automation, we can provide our partners with consistently great service at the best prices,” said Don Schoenl, CEO.
Burnie Taylor, Agile’s COO, Automated Facilities, added, “We bring our customers proven technology and flexible solutions to assist them in solving their supply chain challenges. Our team members have designed, built and run automated cold storage facilities, including the largest automated facility in North America. We’re delighted to come together to do it on a nationwide scale.”
“Today’s cold storage infrastructure fails to meet customers’ needs, as we experience in our operating businesses every day. Don and AIMPERA are strong partners who share our values and a strategic vision to advance the temperature-controlled warehousing industry. We look forward to bringing our capabilities, food industry experience and network to deliver novel supply chain solutions to Agile’s customers,” said Ari Gendason, CGC’s Chief Investment Officer.
Matt Carbone, AIMPERA Managing Partner, added “Members of AIMPERA’s team previously partnered with Don to build Nordic Cold Storage LLC into a leading, North American temperature-controlled warehousing provider with industry-leading service. We are excited to be partnering with Don to further enhance the best-in-class service his team provided. Together with CGC, we are committed to deploying capital to develop state-of-the-art automated facilities and an enduring business built on long-term partnerships with its valued customers.”
About Agile Cold Storage
Agile is developing a nationwide network of greenfield automated and conventional temperature-controlled warehouses over the next three years. Agile partners with North American food manufacturers, processers and growers in need of temperature-controlled warehouses, bringing proven technologies and flexible problem-solving to address their supply chain challenges at lower cost and with better service.
Agile is focused on safety and service and prioritizes caring for its team members and the products that it handles. The company is committed to hiring, training and retaining the best employees, who are the foundation of the company. It uses technology and automation to help ensure that its services are the most reliable and efficient in the industry, passing those efficiencies and benefits along to its customers.
Agile is a privately held company owned by management along with an affiliate of AIMPERA Capital Partners and Continental Grain Company, both experienced long-term investors in agriculture and related businesses. The company’s senior management team has almost 200 years of combined experience running cold storage facilities, including at Nordic Cold Storage LLC, Nashville Refrigerated Services LLC, Preferred Freezer Services LLC, Lineage Logistics LLC, Americold Logistics LLC and AGRO Merchants Group, LLC. In previous roles, the Agile team designed, constructed, started up and operated over 500,000 pallet positions of temperature-controlled space across the U.S.
For more information, please visit agilecoldstorage.com
About AIMPERA Capital Partners, LLC
AIMPERA is a private investment firm that seeks to invest in asset-rich operating businesses in partnership with management. The firm looks to create value in businesses essential to the framework of American lives. AIMPERA focuses on pre-institutional sectors in the North American lower middle market. It targets opportunities with downside protection, stable income and growth potential while utilizing a repeatable, process-driven value creation model.
For more information, please visit www.aimpera.com
About Continental Grain Company
CGC is a privately‐owned global investor, owner and operator of companies with more than 200 years of history across the food and agribusiness spectrum. The firm creates long‐term value by applying deep industry knowledge, capital and talent to businesses ranging from established market leaders to promising innovators.
CGC focuses on building platforms that leverage its strategic expertise in food production, processing, and distribution to source proprietary deals, working alongside trusted partners and supporting strong management teams. It brings a long‐term ownership mindset, concentrating on investment and operating plans that create enduring value and a sustainable, efficient and nutritional food supply chain.
For more information, please visit www.continentalgrain.com
Contact
Gagnier Communications
Dan Gagnier / Jeffrey Mathews
+1-646-569-5897
dg@gagnierfc.com