Plano, Texas, May 29, 2024 – Stonebriar is pleased to announce a substantial capital commitment of $300 million to Accelerated Mobile Power (“AMP”), facilitating the acquisition of leading-edge low emissions mobile power generation assets. This strategic partnership underscores Stonebriar’s dedication to driving economic growth and advancing technological innovation.
Reagan Rorschach, Senior Managing Director at Stonebriar, remarked, “We are honored to partner with the AMP team as they build their power generation fleet and serve the electricity needs of customers in the energy industry and beyond. Increasing electrical power demand will drive their growth for the foreseeable future. We are proud to be a part of their solution.”
Travis Simmering, President and CEO of Accelerated Mobile Power, said “Stonebriar has been a great partner. Their deep understanding of our business and capital commitment and will help us execute our strategy and serve the growing market need for clean electric power.” Dave Bosco, VP of Business Development at AMP, added “US power demand is growing, and power grid resources are struggling to keep the pace. Stonebriar’s capital will help us secure and deploy over 393MW of power generation assets by the end of 2024. The partnership will further help us achieve our goal of 1GW by 2027.”
About Stonebriar: Stonebriar, an Eldridge business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum. Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy and real estate. To learn more about Stonebriar, please visit www.StonebriarCF.com or contact Reagan.Rorschach@stonebriarcf.com.
About Eldridge: Eldridge Industries invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media, Real Estate and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries is headquartering in Greenwich, Connecticut, with additional offices in Beverly Hills, New York and London. To learn more about Eldridge Industries, please visit www.Eldridge.com.
About Accelerated Mobile Power: Accelerated Mobile Power is a pioneering provider of mobile power generation solutions. Dedicated to innovation and sustainability, AMP delivers reliable and efficient power solutions to meet the dynamic needs of customers in a variety of industries. The company leverages advanced technology and industry expertise to offer mobile power systems that are both environmentally friendly and highly effective. AMP is committed to driving progress in the energy sector and creating lasting value for its stakeholders. For more information, visit www.acceleratedmobilepower.com or contact Dave.Bosco@acceleratedpower.com.
