The Public Sector Pension Investment Board has become the sole shareholder of Isolux Infrastructure, which will serve as the pension investment manager’s new global road investment platform.
Isolux Infrastructure, which will be renamed ROADIS, has a portfolio of 1,644 kilometres of roads located in Brazil, India, Mexico, Spain and the United States.
“Building partnerships with strong operators and leveraging industry-specialized platforms is one of PSP Investments’ strategies to capture value and generate attractive returns,” said Guthrie Stewart, senior vice president, global head of private investments at PSP Investments.
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“The ROADIS management team has proven capabilities to source and successfully execute new acquisitions in the road sector. We look forward to supporting them in growing the ROADIS portfolio in this new and exciting phase for this platform.”
As part of the transaction, PSP Investments also acquired Grupo Isolux’s indirect interest in the Wind Energy Transmission Texas, LLC joint venture, resulting in the Canadian pension investment manager owning a 50 per cent interest.
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