Feb 5, 2019

Marathon Capital Announces Argo’s Investment in a 114 MW Distributed Solar Portfolio

CHICAGO, IL – February 05, 2019 – Marathon Capital, LLC (“Marathon Capital”) is pleased to announce that funds managed by Argo Infrastructure Partners (“Argo”) invested in a 114 MW portfolio of commercial & industrial (C&I) solar assets under long-term PPAs. The portfolio, which is diversified across 134 sites in 12 states and entered into operations between 2015 and 2018, was constructed, financed and will continue to be managed by Onyx Renewable Partners L.P., a leading, vertically integrated developer, owner and operator of C&I and utility-scale renewable and storage assets.

Marathon Capital worked with Argo on its due diligence and financing of the investment.

“We appreciate the efforts of Matt Bigham, Director at Marathon Capital, and the Marathon team and look forward to expanding this initial portfolio with additional investments in C&I solar projects,” said Aaron Gold, Managing Director at Argo.

“It was a pleasure to support Argo, lending our experience with contracted commercial and industrial solar assets in the United States. We are excited to see a substantial initial investment in C&I solar by Argo, a long-term infrastructure investment manager,” said Terry Grant, Managing Partner at Marathon Capital.

About Argo

Argo Infrastructure Partners is an independent investment manager with a long-term approach to infrastructure investing. Argo seeks investments in high-quality infrastructure assets providing essential services. For more information, please visit www.ArgoIP.com or email info@ArgoIP.com.

About Marathon Capital

Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. Marathon Capital is a four-time recipient of the "Best Renewable Asset M&A Advisor" Award, "Renewable Generating Project Finance Deal of the Year" Award (2016) and first-time recipient of the "Best Asset M&A Advisor" (2017) in Power Finance & Risk's Annual Power Finance Deals and Firms Awards.