INSTAR ASSET MANAGEMENT INC.
INSTAR ASSET MANAGEMENT INC. is a Series C+ and buyout fund in the US and Canada writing $50M–$250M checks into Climate, transportation, logistics, energy-transition, environmental, social, utilities, civil-infrastructure, aviation, rail, ports, maritime, freight, circular-economy, waste-infrastructure, water, wastewater, transition-fuels, waste-to-value, district-energy, microgrids, smart-meters, niche-utility-services, healthcare-infrastructure and water-and-wastewater.
- Stages
- Series C+, buyout
- Sectors
- Climate, transportation, logistics, energy-transition, environmental, social, utilities, civil-infrastructure, aviation, rail, ports, maritime, freight, circular-economy, waste-infrastructure, water, wastewater, transition-fuels, waste-to-value, district-energy, microgrids, smart-meters, niche-utility-services, healthcare-infrastructure, water-and-wastewater
- Check size
- $50M–$250M
- Invests in
- US-wide, Canada
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2014
- Assets under management
- $3.0B
- Website
- instarinvest.com
Thesis
INSTAR ASSET MANAGEMENT INC. is a private equity firm founded in 2014, headquartered in Toronto, Canada. The firm focuses on North American middle-market companies, particularly those in essential infrastructure and scalable businesses that provide critical products and solutions. Their investment strategy centers on partnering with niche, market-leading businesses to help them achieve greater scale, resilience, and profitability. Instar's investment thesis targets companies within sectors including transportation, logistics, energy transition, environmental, social, energy, utilities, civil infrastructure, aviation, rail, ports, maritime, freight, circular economy, waste infrastructure, water, wastewater, transition fuels, waste-to-value, district energy, microgrids, smart meters, niche utility services, and healthcare infrastructure. They prefer businesses with downside protection through long-term contracts or regulatory regimes. Instar employs an active management approach, focusing on organic growth, operational optimization, margin enhancement, and acquisitions. They typically seek majority control in transactions ranging from US$50-250 million, targeting companies with US$5-35 million EBITDA. As of June 30, 2025, Instar Asset Management had approximately US$3.0 billion in equity under management. The firm has a history of completing numerous add-on acquisitions and development projects, with 82 recorded as of June 30, 2025.
Common questions
Does INSTAR ASSET MANAGEMENT INC. invest at the Series C+ stage?
Yes. INSTAR ASSET MANAGEMENT INC. lists Series C+ and buyout among the stages it invests in.
What check size does INSTAR ASSET MANAGEMENT INC. write?
INSTAR ASSET MANAGEMENT INC. writes $50M–$250M checks.
Where does INSTAR ASSET MANAGEMENT INC. invest?
INSTAR ASSET MANAGEMENT INC. invests in the US and Canada.