PORTFOLIO

Higg Co. is a software company that provides the Higg Index and related sustainability assessment tools that enable global brands, retailers and manufacturers to improve the environmental and social performance of their factories and products. 

The Higg Index was originally created by the Sustainable Apparel Coalition (SAC), the apparel, footwear, and textile industry’s leading alliance for sustainable production. Patagonia and Wal-Mart formed the SAC in 2010 with the proposition that standardized measurement of sector impact would incentivize companies to reduce environmental impact and increase social justice. 

Titan Grove led the spin out of Higg Co. from the SAC to help accelerate the transformation of the global consumer product supply chain to the clean economy. Currently in growth mode.

Investment

• Carve out of software and technology assets owned by the SAC  

• Higg Index and related software currently used by the world’s largest brands and retailers and more than 10,000 factories that manufacture goods on their behalf

• Majority of funding provided by Titan Grove

Impacts Targeted

• Reduced carbon emissions – The global apparel and footwear industries generate nearly 10% of global greenhouse gas emissions

• Reduced chemical and water use

• More sustainably designed products

• Improved labor standards

• Benefit Corporation

NextEdge and its subsidiary Modus design, permit, build, and maintain wireless networks in cities and in buildings. Titan Grove founded NextEdge in November of 2016 with a goal to accelerate the construction and operation of the next generation of wireless infrastructure for SmartCities and SmartBuildings. Currently in growth mode with the backing of Titan Grove.

Investment

• Carve out of orphan assets owned by EdgeConnex

• Merger with Modus to create a leading wireless services and infrastructure company

• Majority funded/owned by Titan Grove in partnership with existing management

• Completion of 4,000 small cell deployments and 3,500 fiber installations

Impact

• Facilitate bandwidth to support Smart Buildings, Smart Cities and IoT applications

• Increased connectivity reliability and speed

• Facilitate roll out of 5G services

• Creation of new, high paying skilled jobs

• Achieved first in industry B-Corporation certification

Titan Grove Realty is a real estate company focused on owning properties that have minimal environmental impact and that are exceedingly healthy for the people who live or work in them.

TGR's initial focus is on properties where energy costs and carbon emissions can be reduced dramatically through deep energy-oriented retrofits.

Impacts Targeted

• Reduced carbon emissions
• Lower costs
• Tenant and employee wellness

Founded and in less than four years grew sPower into our nation’s largest US utility-scale solar operator. Sold to a JV between AES Corp and AIMCO in June 2017 for $1.6 billion.

Investment Highlights

• Initial investment was complex multi-step transaction and merger of several businesses
• Invested substantial growth capital ($600mm+) to facilitate strategic shift from developer to major independent renewables power producer and owner 
• 70+ Solar facilities built totaling 1.5 GW of operating renewables
• 7+ GW of renewable development properties assembled and advanced
• Transaction sourced, negotiated, and co-managed by Titan Grove, and funded by various Fir Tree Funds
• sPower and Microsoft announce largest ever corporate solar agreement Read

Impact

• sPower sale was largest solar transaction in US history (as of 2017) & a major positive catalyst for the clean energy movement
• Creation of 3,000 jobs (both part-time and permanent)
• Approximately 250,000 homes powered by clean energy
• Projected carbon reduction of 3 million metric tons
• In 2016 alone, generated $750 mm of economic activity attributable to salaries, taxes and local business spending in 74 cities
• Strong bi-partisan support due to operations in 11 states, 6 blue and 5 red
• AES transformation from coal fired utility to 21st century clean energy utility