A highly regarded project finance professional who has spent more than a decade with Bilfinger Project Investments (Bilfinger PI) is throwing in his lot with Meridiam Infrastructure, Infrastructure Investor has learned.
Thilo Tecklenburg has joined fund manager Meridiam as senior vice president for North America, confirmed Joe Aiello, partner and director of business development for Canada and the US.
Educated in Germany, Tecklenburg joined Bilfinger PI—then Bilfinger Berger Project Investments, or BBPI—in 2002 as a project manager for Europe.
By 2007, Tecklenburg was in charge of public-private partnership (PPP; P3) development for Bilfinger PI in Canada and America.
Bilfinger PI is owned by Bilfinger—formerly Bilfinger Berger—the multinational construction and engineering conglomerate headquartered in Mannheim, Germany.
Last spring, citing its “declining strategic role”, Bilfinger announced Bilfinger PI was up for sale. Bilfinger PI in North America is centered on social infrastructure and toll road privatisation.
In America Bilfinger PI, in a consortium with VINCI Concessions and Walsh Investors, was the winning bidder for the ‘East End Crossing’ PPP of the $2.6 billion ‘Ohio River Bridges Project,’ reaching financial close in March.
In Canada, Bilfinger PI finalised the 33-year ‘North West Anthony Henday Drive’ concession in 2012. The company has cited the ‘Golden Ears Bridge’ project its ‘flagship’ P3.
Founded in 2005, Meridiam is a greenfield investor. In September, the Long Beach Court Building in California—the first social infrastructure P3 in America and a Meridiam project—opened to the public.