Also announced is a special dividend of $0.1499 per share.
South Jersey Industries, Inc. (NYSE: SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that IIF’s acquisition of SJI is closing today.
“The completion of this transaction marks an exciting new chapter for SJI,” said Mike Renna, President and CEO, SJI. “We are excited to join forces with IIF and continue to support the environmental goals of our state and region through investing in sustainability and clean energy initiatives. Looking ahead, we will continue to leverage our talented workforce to build a better today and tomorrow.”
Andrew Gilbert, Investment Principal to IIF, said, “This transaction brings together SJI’s clean energy and decarbonization initiatives and IIF’s resources and expertise to continue modernizing and developing critical infrastructure while delivering safe, reliable, affordable, clean energy to SJI’s customers and communities.”South Jersey Industries