Former AIMCo executives have launched a new firm that seeks traditional infrastructure assets to which disruptive technologies can be applied.
Rob Mah, AIMCo’s former global head of infrastructure, exclusively told Inframation that he has jointly launched Smart Infrastructure Managers (SIM) with Kevin Roseke, a former director in AIMCo’s infrastructure team.
The firm, which has offices in Toronto, Washington and London, targets infrastructure assets globally where the application of “proven technologies” can improve revenues and efficiencies while reducing costs, Mah said.
SIM will initially focus on transport assets, principally in the port, airport, highway, transit system and electric vehicle infrastructure sectors. It will also look at energy deals, particularly in energy storage, smart grids and other parts of digital infrastructure. It has already partnered with one EPC contractor with which it hopes to complete deals in the energy sector. It is also part of a consortium considering a telecoms deal, Mah added.
Central to the firm’s strategy is a belief in creating “infrastructure for the next generation” that will “change the game for infrastructure sponsors and owners,” according to Mah.
“Technology disruption is a dominant theme of our time and now it’s coming to the infrastructure space. If I didn’t honestly believe there was a strong case for doing things differently, I wouldn’t be sitting here,” Mah said.
SIM, is owned by Mah, Roseke, and also Christopher Lee, the founder and owner of former infrastructure fund manager Highstar, which he sold to Oaktree Capital in 2014.
Prior to co-founding SIM, Lee, who will serve as a senior advisor to the firm, advised Cisco on its engagement with institutional investors in technology-focused infrastructure projects.
SIM hopes to originate off-market transactions through the access Lee and the firm’s other senior advisors can offer with infrastructure owners, particularly local levels of government throughout Europe and North America.
While at AIMCo Mah and Roseke invested in a wide array of infrastructure businesses including Santiago highway
Autopista Central, London City Airport,US renewable energy developer sPower and UK rolling stock company
Porterbrook among others.