APR Energy wins $30M Dubai investment
A Jacksonville provider of major turnkey temporary power generation services received $30 million in investment from a Dubai-based private equity firm.
APR Energy Cayman Ltd. will use the minority investment from Levant Capital Ltd. to buy new equipment and support research and development, said Paul Marcroft, APR Energy’s vice president of sales and marketing.
“We very much appreciate the confidence Levant has shown in us and our growth plans during this period of global financial turbulence, and we look forward to working with Levant’s seasoned investment team and with their investors to expand our operations, particularly in the Gulf region and North Africa,” APR Energy CEO John Campion said in a news release.
The company, which employs 30 people in Jacksonville and more around the world, operates power plants in Haiti, Costa Rica and Argentina. APR Energy has been contracted to begin providing power in South America and Africa. The company’s typical plants produce enough electricity for about 30,000 customers.
