Vision Ridge Partners Acquires Turks and Caicos Electric Utility, Renames it Pelican Energy TCI

Vision Ridge Partners has acquired FortisTCI Ltd., the electricity utility company for the Turks and Caicos Islands, and has rebranded it as Pelican Energy TCI. The acquisition aims to improve the company's generation mix and grid infrastructure to meet the islands' evolving energy landscape. Vision Ridge has a history of investing in energy companies and plans to work closely with the TCI government and community to ensure reliable and sustainable power delivery.

Vision Ridge Partners, a global sustainable real assets investor, has acquired FortisTCI Ltd., the electricity utility company serving the Turks and Caicos Islands. The acquisition, announced on September 2, 2025, aims to modernize the company's generation assets to meet the growing power needs of the islands and enhance their long-term energy security. The newly rebranded company, Pelican Energy TCI, will focus on building a more sustainable and resilient energy future for the Turks and Caicos Islands [1].

Under the leadership of Vision Ridge, Pelican Energy TCI will continue to provide safe and reliable electricity service to its customers while seeking to improve its generation mix and grid infrastructure. The acquisition aligns with Vision Ridge's history of investing in energy companies, including wholesale power supply companies, solar developers, and renewable energy providers [2].

Reuben Munger, Founder, Managing Partner, and Chief Investment Officer of Vision Ridge, expressed enthusiasm about the acquisition. "We are pleased to lead the next phase of Pelican Energy TCI’s growth and infrastructure advancement at a pivotal point in TCI’s power demand growth trajectory," he said. "We believe that the Company is well positioned to strategically improve its generation mix to meet this demand and to help ensure the reliable delivery of sustainable power on TCI for future generations."

Ruth Forbes, President and Chief Executive Officer of Pelican Energy TCI, added, "Vision Ridge brings extensive experience investing in, leading, and transforming critical and complex energy solutions businesses across different geographies, and we look forward to this new chapter as Pelican Energy TCI with their partnership. As Pelican Energy TCI, we look forward to continuing to maintain the highest standards of safety and service excellence for our customers, while helping to address the long-term power needs and energy security of the Turks and Caicos Islands."

Vision Ridge Partners manages approximately $5.1 billion on behalf of institutional investors globally, as of June 30, 2025. The company's investments span sustainable real assets, with a focus on energy, transportation, and agriculture [3].

References:
[1] https://www.morningstar.com/news/business-wire/20250902797709/vision-ridge-partners-acquires-turks-and-caicos-islands-electric-utility
[2] https://finance.yahoo.com/news/vision-ridge-partners-acquires-turks-175300895.html
[3] https://www.businesswire.com/news/home/20250902797709/en/Vision-Ridge-Partners-Acquires-Turks-and-Caicos-Islands-Electric-Utility