Hunt Companies, Inc. has completed an investment in Amber Infrastructure Group Holdings Limited, headquartered in London, England.
Hunt acquired a fifty percent (50%) ownership of the company with an ability to appoint a majority of directors at the Amber holding company.
The Amber team has sourced, developed and financed more than 125 social infrastructure, transportation, renewable energy and urban redevelopment projects across the UK, Europe, Canada and Australia with a total value exceeding £12 billion. The majority of Amber's projects are public-private partnerships (PPP).
Amber also provides management services on more than 80 infrastructure projects in eight countries. The majority of these projects are held in a series of funds managed by a subsidiary, Amber Fund Management Limited. The largest of these funds is International Public Partnerships Limited (INPP), a £1.1 billion global infrastructure fund listed on the London Stock Exchange.
Hunt Chief Executive Officer Chris Hunt stated:
"This is a very important and strategic investment for Hunt. We believe that there are significant public sector infrastructure opportunities in North America as it evolves to become the largest infrastructure market in the developed world. The addition of Amber as a partner with extensive expertise in all facets of infrastructure significantly expands the capabilities to Hunt's platform."
Hunt has worked successfully in PPP projects for decades, deploying its development, construction, financing and management resources on behalf of government agency partners. Hunt is a nationally recognized leader in the most successful PPP program in the U.S., the Military Housing Privatization Initiative, having completed over 45 PPP projects in 21 states.
Giles Frost, Chief Executive Officer of Amber Infrastructure Group commented:
"We anticipate the strength of Amber and Hunt as a combined entity will generate enhanced flow of attractive infrastructure investment opportunities in North America. There are a number of projects in the U.S. on which we will partner immediately."