Pacolet Milliken Announces New Co-Heads For Power & Infrastructure Division
Greenville, South Carolina – Pacolet Milliken, LLC, a sustainability-focused, family-owned investment firm, today announced the appointment of Lance Jordan and Kent Fonvielle as Co-Heads of Pacolet’s Power & Infrastructure Division (formerly known as Energy/ Infrastructure). Mr. Jordan will be responsible for Investments; Mr. Fonvielle will be responsible for Operations and the oversight of the Division’s operating subsidiaries, including Bushy Park, Hydera and Lockhart Power.
Prior to joining Pacolet in 2021, Mr. Jordan was responsible for the US operations of Cubico Sustainable Investments, where he led investment and monetization transactions in solar, wind, battery storage and other renewable technologies. Prior to Cubico, he was a Senior Vice President at Goldman Sachs in its Natural Resources Investment Banking Group where he led sell-side, acquisition and financing transactions in the alternative energy, clean technology and industrial sectors.
Mr. Fonvielle joined Pacolet in 2019 as President of Bushy Park. Prior to that point, Mr. Fonvielle had three decades of utility industry experience, including as the Head of the South Region of MISO, a regional transmission grid operator. Prior to MISO, Mr. Fonvielle held various roles at Duke Energy and Progress Energy, from engineering and operations to regulatory affairs.
These appointments come as a result of the retirement of Ralph Walker, who joined Pacolet in 2012 as the President of its Power & Infrastructure Division. During Mr. Walker’s tenure, Power & Infrastructure increased in value over 18 times, growing from a nascent division with a small regulated electric utility: Lockhart Power, to a more diversified power and infrastructure company that includes a substantial nationally-located solar and landfill gas portfolio, increased hydro-electric generation, a larger, more robust Lockhart Power, Bushy Park Industrial Complex, and formerly the largest private wastewater utility in South Carolina (Ni Pacolet, which was sold in 2020).
William Crawford, CEO of Pacolet remarked, “It is with a mixture of celebration and sadness that I announce the retirement of Ralph Walker. Ralph has led our Power & Infrastructure Division since January 1, 2012 and has achieved, by all accounts, exceptional results. He is also a very respected and capable leader and a very close friend. The Division, and indeed Pacolet, would not be where it is today without the impact of Ralph Walker.” Mr. Crawford continued, “It is at the same time, that I am pleased to report the appointment of Lance and Kent as Co-Heads of Power & Infrastructure. Both of these leaders are exceptionally capable and experienced and will be great additions to our Senior Management Team. We look forward to continued growth and exceptional performance of Pacolet Power & Infrastructure under their leadership.”
Jordan and Fonvielle will assume their new positions effective July 1.
About PACOLET MILLIKEN
Pacolet is a leader in the institutional management of private investment capital. Headquartered in Greenville, SC., Pacolet is a family-owned firm that directly owns and manages real estate, and power and infrastructure assets across the United States. Its Power & Infrastructure Division owns a diverse set of power, renewables and infrastructure assets, including a regulated electric portfolio (Lockhart Power), an industrial utilities company (Bushy Park), an ISO container storage/cleaning operation (Hydera) and a substantial solar and landfill gas portfolio. Pacolet Real Estate owns and manages a national portfolio of industrial, multi-family, office and retail properties, and currently focusses on multi-family and industrial warehouse development in the Southeast, the Southwest and Southern California. In both Divisions, Pacolet seeks to positively impact the communities in which we operate and be a steward of our environment from a generational perspective.
Andrena Powell-Baker, Director of Communications