Jamaica Producers (JP) Group and Eppley have formed Capital Infrastructure Group (CIG).
In a notice Thursday, the companies said the group will invest in infrastructure projects across the Caribbean.
JP and Eppley will control and manage the joint venture as equal partners.
It will be funded by capital commitments from both companies, as well as anchor investor NCB Capital Markets.
JP and Eppley each already own and operate significant infrastructure assets including ports, energy and water projects.
Both companies plan to use the new venture to increase the scale and scope of their future infrastructure investments.
JP and Eppley, through CIG, recently formed Rio Cobre Water Limited (RCW) in partnership with Vinci Construction Grands Projects.
RCW has entered into a public private partnership agreement with the National Water Commission to design, build, finance and operate a 15 million gallon per day water treatment plant under a 25-year concession.
This is the second major partnership for JP in a matter of days.
On Monday, the company announced plans to merge with Pan Jam Investments.