Allete
Acquisition in 2024
ALLETE, Inc. is an energy company based in Duluth, Minnesota, incorporated in 1906. It operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The Regulated Operations segment includes Minnesota Power and Superior Water, Light and Power Company, which provide electric, natural gas, and water services to a significant number of customers in northeastern Minnesota and northwestern Wisconsin. Additionally, this segment encompasses an investment in American Transmission Company, a utility that maintains electric transmission infrastructure across parts of Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Clean Energy focuses on the development, acquisition, and operation of clean and renewable energy projects, operating around 660 megawatts of wind energy generation. The company is also involved in coal mining operations in North Dakota and real estate investments in Florida, while owning and operating multiple substations with substantial capacity.
Aldevron
Private Equity Round in 2019
Aldevron, LLC is a contract science organization based in Fargo, North Dakota, that specializes in the production of biological products, including plasmid DNA, proteins, antibodies, and nucleic acids. Founded in 1998, the company serves academic and research institutions, as well as pharmaceutical and biotechnology companies, by offering a range of services such as plasmid DNA production, protein production, antibody discovery, and mRNA production. Aldevron focuses on custom manufacturing and provides products for various applications, including gene therapy, gene editing, and diagnostics. Its offerings include DNA vaccine plasmids, reporter plasmids, retroviral vectors, and competent cell production, among others. The company also engages in GMP manufacturing and provides storage, distribution, and stability services, as well as gene synthesis and antibody processing. Aldevron operates both in the United States and Europe, facilitating vital discoveries in the life sciences sector.