# Kenon to acquire 25% stake in Vicinity District Energy for $450M

Kenon Holdings Ltd. agreed to acquire 25% equity interest in Vicinity District Energy for approximately $450 million. Vicinity is a district heating/cooling utility platform serving 12 major US cities including Boston and Philadelphia.

- Type: Acquisition
- Announced: 2026-09-30
- Where: United States (12 cities including Boston and Philadelphia), United States
- Value: $450.0M
- Status: announced
- Products: district heating, district cooling, steam, hot water, chilled water
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Kenon Holdings](https://endata.com/companies/28379.md) (acquirer)
- [Antin Infrastructure Partners](https://endata.com/companies/49840.md) (partner)
- [Vicinity District Energy](https://endata.com/companies/94386.md) (target)
- [Harrison Street Asset Management](https://endata.com/companies/94387.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/kenon-announces-agreement-to-acquire-25-interest-in-district-heating-and-cooling-business-in-the-united-states-for-approximately-450-million-302894240.html), 2026-09-30: "Kenon announces that it has entered into an agreement to acquire 25% of the equity interest in Vicinity District Energy for cash consideration of approximately $450 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.