Anaergia Inc., a Burlington, Ontario, Canada-based provider of solutions that convert organic waste streams into renewable resources, closed a C$47.5m equity financing.
Investors included Macquarie Capital, Tandem Expansion Fund, Export Development Canada and Global H2O Investments. In connection with the transaction, Macquarie Capital’s Duncan Murdoch and Tandem’s David Bookbinder joined Anaergia’s Board of Directors. EDC’s Eugene Siklos was granted Board observer status.
The company intends to use the funds to develop new projects.
Led by CEO Steve Watzeck and Chairman and Chief Technology Officer Dr. Andrew Benedek, Anaergia provides sustainable solutions for the generation of renewable energy and the conversion of waste to resources. Through a portfolio of proprietary technological solutions, the company maximizes the generation of renewable energy, diversion of waste from landfill and reduction of greenhouse gases for customers across the municipal, industrial, commercial and agricultural sectors. It offers regional services through 14 offices located in Europe, North America and Asia. Subsidiaries and affiliates include UTS Biogastechnik in Europe and Pharmer Engineering as well as The Stover Group in the United States.
Anaergia’s core technologies are in use at over 1,600 biogas anaerobic digestion plants worldwide.
FinSMEs
07/10/2013