The portfolio acquisition underscores Argo’s focus on long-duration, lower-risk infrastructure assets. By integrating these six Massachusetts sites and two New Jersey locations, the firm solidifies its position as a major owner of operational mid-market solar energy in the United States. Michael Madia, Managing Director at Argo, noted that the deal serves as a foundational step in scaling the company’s distributed generation platform.
Argo Infrastructure Partners Expands Solar Footprint with NuGen Deal
Argo Infrastructure Partners has acquired an eight-site solar portfolio from NuGen Capital Management, a move that pushes the investment firm’s commercial and industrial solar capacity to 270 MW across 196 sites. The transaction pairs the acquisition with a strategic partnership aimed at maintaining long-term asset performance in New Jersey and Massachusetts.
NuGen CEO David Milner expressed confidence in the arrangement, citing Argo’s track record in essential infrastructure as a key driver for the collaboration. Since its inception in 2013, the investment manager has deployed billions into utilities, renewable energy, and digital infrastructure. This latest purchase marks the firm’s 21st investment, following a significant $470 million agreement earlier in April 2026 to acquire an electric transmission and distribution business from UGI Corporation. Argo currently manages approximately $7.5 billion in assets.
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