APR Energy is downsizing its Jacksonville presence, moving from a North Jacksonville facility to a smaller location in Park 295 Industrial Park.
It will leave a more than 186,000-square-foot building in NorthPoint Industrial Park for a roughly 42,000-square-foot space in Park 295.
Jacksonville-based APR, founded in 2004, provides power plants on a fast-track basis around the world.
APR Energy was publicly traded before a buyout by a group of private equity firms in 2016.
APR was sold again in February 2020 for $750 million to Atlas Corp., a publicly traded Hong Kong-based holding company.
The sale came several months before APR founder John Campion died in October at the age of 57. He was diagnosed with acute myeloid leukemia in 2018.
His obituary said Campion retired as executive chairman of APR Energy in 2019, after the diagnosis, but continued to serve as its chairman.
APR and Atlas have not responded to a request for comment.
The city issued a permit May 4 for APR Energy to build-out 42,038 square feet of space in Park 295 at 2619 Ignition Drive, No. 4, at an estimated cost of $500,000.
The park is in Northwest Jacksonville at Interstate 295 and Duval Road.
The move to Park 295 fills up that development’s first structure, Building B. APR Energy joins tenants Ulta Beauty, Quiet 3PF and Sarnova.
APR is leaving the 186,452-square-foot Building 3 at 3600 Port Jacksonville Parkway in NorthPoint Industrial Park. The structure was built in 2005.
“They were a great tenant,” said Peter Anderson, vice president of development and sales with Pattillo Industrial Real Estate, the NorthPoint developer.
Anderson said Campion built a special Jacksonville-headquartered company.
Anderson said the building is on the market for lease with active prospects.
“It is a special property as it is designed for precision engineering and manufacturing,” Anderson said.
“It will be leased soon, I suspect.”
The building is represented by JLL Managing Director Luke Pope and Senior Associate Ross Crabtree.
APR Energy has made moves toward downsizing.
In August, APR Energy filed a notice with state officials saying it permanently will lay off 50 of its 150 workers at its Jacksonville headquarters at 3600 Port Jacksonville Parkway.
The letter sent July 29 under the Worker Adjustment and Retraining Notification Act said the layoffs would begin in late September.
Publicly traded Atlas said APR’s revenue was $242 million last year.
APR Energy says it provides rapidly deployable, large-scale power and fast-track mobile power to underserved markets and industries.
APR’s mobile, turnkey power plants help run cities, countries and industries worldwide in developed and developing markets.
“APR creates unique value through delivering large-scale power projects anywhere in the world in less time than the typical 2-5 years required to plan, finance, construct and commission a permanent power plant, and offers customized turnkey solutions including flexible plant design, fast-track installation, balance of plant, and decommissioning,” it says.
According to the website, APR Energy was established in 2004 in Jacksonville and quickly emerged as a leader in temporary power services, developing power projects across the world.
In 2011, the company was publicly listed on the London Stock Exchange.
The website says that in 2013, APR Energy acquired the General Electric Energy Rentals business and continued its growth delivering with nearly 3GW across more than 30 countries, establishing itself as the world’s largest mobile gas turbine lessor.
In 2016, APR Energy was privatized and acquired by investors.
In 2019, APR Energy entered into an agreement with the newly formed Atlas Corp., a global asset management company whose main portfolio of companies includes Seaspan Corp., the world’s largest containership lessor/operator.
The closing of Atlas Corp.’s acquisition was completed in an all-stock transaction valued at $750 million in early 2020.
APR Energy’s LinkedIn profile says it is the world’s leading provider of specialized fast power solutions and has installed nearly 5GW of power capacity across more than 35 countries.
“Our fast, flexible and full-service solutions provide customers with rapid access to reliable electricity when, where, and for as long as they need it,” it says.
“Combining fuel-efficient technology with industry-leading expertise, our mobile and scalable turnkey plants help enhance power infrastructure, foster economic growth and improve overall quality of life in both developed and developing markets around the world.”
