Introduction to Esentia Energy Systems
With pride and a forward-looking vision, Esentia Energy Systems, a leading Mexican company in energy infrastructure, announces its Initial Public Offering (IPO) on the Mexican Stock Exchange (BMV). This move marks a significant milestone in the national energy sector.
Background and Leadership
Founded by Fernando and Manuel Calvillo Álvarez, Esentia is the result of over two decades of relentless work, initially under the name Fermaca. Today, it stands as a robust platform connecting Mexico with some of the world’s most competitive natural gas supplies. This corporate evolution reflects the Calvillo brothers’ sustained confidence in Mexico’s potential, consistently investing in infrastructure projects that directly benefit the country and its people.
Strategic Investments
Under the visionary leadership of the Calvillo brothers, Esentia has successfully attracted investments from top-tier global institutions, including Occidental Petroleum, Ospraie Management, Partners Group, Mubadala Investment Company, and Olayan Group. These investors have trusted Esentia’s business model, operational solidity, and long-term commitment to Mexico.
IPO Details
The IPO is being spearheaded by Esentia’s CEO, Daniel Bustos. His firm leadership and clear direction have solidified the company’s position as a key player in the national energy market.
Expansion Plan
The offering will take place exclusively in Mexico, aiming to secure funds for an ambitious three-phase expansion plan. This strategy includes investments totaling $680 million and the addition of 660 million cubic feet per day of capacity. The goal is to address the growing nearshoring momentum and strengthen national energy security.
Key Asset
Esentia’s primary asset, the Wahalajara system, is a more than 2,000-kilometer network connecting Waha, Texas, to industrial regions in Mexico’s central and western areas, including Guadalajara. This system supplies approximately 15% of Mexico’s daily natural gas demand, backed by long-term contracts with the Federal Electricity Commission (CFE) and high-credit-rated clients.
Financial Advisors and Oversubscription Option
The operation will be coordinated by BBVA, Goldman Sachs, and Scotiabank. The IPO includes an oversubscription option of up to 15% additional shares, depending on investor interest.
Continued Investments by the Calvillo Brothers
Beyond Esentia, the Calvillo brothers remain actively invested in Mexico through Fermaca, with strategic projects reinforcing their national development commitment. Notable projects include:
- A joint announcement with Mexico City Mayor Claudia Sheinbaum and Durango Governor Esteban Villegas about building a fertilizer plant in Durango, promoting the country’s agricultural self-sufficiency.
- Developing a world-class data center, positioning Mexico as a technology hub in Latin America.
- Expanding a high-capacity optical fiber network, connecting key regions and fostering digital transformation.
Key Questions and Answers
- What is Esentia Energy Systems? Esentia Energy Systems is a Mexican company specializing in energy infrastructure, connecting the country with competitive natural gas supplies.
- Who are the Calvillo brothers? Fernando and Manuel Calvillo Álvarez are the founders of Esentia Energy Systems and have invested extensively in Mexico’s energy, technology, and agricultural sectors.
- What is the purpose of Esentia’s IPO? The IPO aims to secure funds for expanding Esentia’s operations and strengthening Mexico’s energy security.
- What other projects are the Calvillo brothers involved in? They are also investing in a fertilizer plant, a world-class data center, and expanding optical fiber networks in Mexico.
