Ally Corporate Finance targets infrastructure sector with new vertical focused on power, energy and digital
Rhea-AI Summary
Ally Financial (NYSE: ALLY) has announced the launch of a new Corporate Finance division focused on energy and infrastructure finance. The new Energy and Infrastructure Finance group will provide debt financing for power and energy projects, including solar, wind, conventional fuels, battery storage systems, power plant and data center construction.
The group will be led by Dan Bernstein, who brings 20 years of experience in project finance, alongside a team of industry experts. Reporting to Bill Hall, president of Ally Corporate Finance, the team will focus on delivering customized financing solutions for the U.S. energy transition, particularly in renewable energy and transitional power sectors.
Positive
- Strategic expansion into growing energy and infrastructure sectors
- Experienced leadership team with 20+ years of sector expertise
- Diversification of revenue streams through new financing opportunities
- Positioning for growth in renewable energy and sustainability markets
Negative
- Potential exposure to cyclical energy market risks
- Increased competition in the infrastructure financing space
- Initial investment and operational costs for new division
News Market Reaction 1 Alert
On the day this news was published, ALLY declined 1.13%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
New dedicated team formed to provide innovative financing solutions across critical infrastructure sectors
The newly established Energy and Infrastructure Finance group will build on Ally Corporate Finance's legacy of delivering client-centric, sector-specific solutions. The new platform will leverage the team's deep sector experience to meet the growing and evolving capital needs of the
The group will be led by Dan Bernstein, who brings 20 years of experience in structuring and leading senior-secured project finance transactions in the power and energy space. Bernstein will be joined by a team of industry experts, including Kyle Andrucyk, Amanda Winchester, Marcos Donnelly, and Emily Goldstein. The group will report to Bill Hall, president of Ally Corporate Finance.
"The ongoing energy transition, particularly renewable energy and transitional power is increasingly essential to economic development and sustainability," said Dan Bernstein, executive director and group head of Energy and Infrastructure Finance, Ally. "With significant investment opportunities on the horizon, we see tremendous potential to provide customized financing solutions that empower our existing and future clients to thrive."
Ally's Energy and Infrastructure Finance group will provide debt financing for power and energy projects, including solar, wind, and conventional fuels, battery storage systems, power plant and data center construction and acquisition, distributed generation and more. The team offers customized financing to support clients' most critical growth and funding needs.
"By combining our strong capital base with a team that brings decades of industry experience, we're well-positioned to help drive the energy transition," said Bill Hall, president of Ally Corporate Finance. "We are proud to bring Ally's relationship-focused approach to a sector that is essential to the future of infrastructure, sustainability, and economic growth."
About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves customers with deposits and securities brokerage and investment advisory services as well as auto financing and insurance offerings. The company also includes a seasoned corporate finance business that offers capital for equity sponsors and middle-market companies. For more information, please visit www.ally.com.
For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.
For further images and news on Ally, please visit http://media.ally.com.
Contacts:
Sean Leary
Ally Investor Relations
704-444-4830
sean.leary@ally.com
Peter Gilchrist
Ally Communications (Media)
704-644-6299
peter.gilchrist@ally.com
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SOURCE Ally Financial