News & Insights

Cases & Deals

January 29, 2021

Axium Infrastructure to Acquire UPPCO

King & Spalding is advising Axium Infrastructure, a private equity fund based in Montreal and New York that focuses on energy and infrastructure investments, in its acquisition of Upper Peninsula Power Company (UPPCO) from Basalt Infrastructure Partners.  UPPCO is the largest electric utility in Michigan’s Upper Peninsula, serving 53,000 electric customers in the region.