Titan Grove is organized as a B Corp and is committed to using business as a force for good. We have decades of direct control investment experience building large, enduring businesses.

PORTFOLIO

 

NextEdge designs, permits, builds, and maintains wireless networks in cities and in buildings. Titan Grove founded NextEdge in November of 2016 with a goal to accelerate the construction and operation of the next generation of wireless infrastructure for SmartCities and SmartBuildings. Currently in growth mode with the backing of Titan Grove.

Investment

Impact

  • Facilitate bandwidth to support Smart Buildings, Smart Cities and IoT applications
  • Increased connectivity reliability and speed
  • Facilitate roll out of 5G services
  • Creation of new, high paying skilled jobs
  • Achieved first in industry B-Corporation certification
 

 
TITAN GROVE REALTY
 

Titan Grove Realty is a real estate company focused on owning properties that have minimal environmental impact and that are exceedingly healthy for the people who live or work in them.

TGR's initial focus is on properties where energy costs and carbon emissions can be reduced dramatically through deep energy-oriented retrofits.

Impacts Targeted

  • Reduced carbon emissions
  • Lower costs
  • Tenant and employee wellness
 

Founded and in less than four years grew sPower into our nation’s largest US utility-scale solar operator. Sold to a JV between AES Corp and AIMCO in June 2017 for $1.6 billion.

Investment Highlights

  • Initial investment was complex multi-step transaction and merger of several businesses
  • Invested substantial growth capital ($600mm+) to facilitate strategic shift from developer to major independent renewables power producer and owner 
  • 70+ Solar facilities built totaling 1.5 GW of operating renewables
  • 7+ GW of renewable development properties assembled and advanced
  • Transaction sourced, negotiated, and co-managed by Titan Grove, and funded by various Fir Tree Funds

Impact

  • sPower sale was largest solar transaction in US history (as of 2017) & a major positive catalyst for the clean energy movement
  • Creation of 3,000 jobs (both part-time and permanent)
  • Approximately 250,000 homes powered by clean energy
  • Projected carbon reduction of 3 million metric tons
  • In 2016 alone, generated $750 mm of economic activity attributable to salaries, taxes and local business spending in 74 cities
  • Strong bi-partisan support due to operations in 11 states, 6 blue and 5 red
  • AES transformation from coal fired utility to 21st century clean energy utility
 

CiG Wireless Logo

CiG Wireless is a US-based owner and operator of wireless cellular towers. Titan Grove exited in May 2015 through a sale to Vertical Bridge for $150mm.

Investment Highlights

  • $44 mm invested into troubled public company to facilitate turnaround of operations and fund strategic add-on's
  • Initial transaction was negotiated and closed within 23 days
  • Managed successful turnaround in operating business and implemented numerous long term growth strategies
  • Transaction sourced, negotiated, and co-managed by Titan Grove, and funded by various Fir Tree Funds