Shantel
Key Takeaways:
- Nexus PMG has secured a $50 million growth equity round
- Funding led by Greenbacker Capital Management with participation from Ontario Power Generation Pension Fund and Liberty Mutual Insurance
- The company will use the investment to expand its services and project development business lines
Accelerating Low-Carbon Infrastructure Development
Nexus PMG, a leader in the low-carbon waste-to-value sector, announced today that it has raised $50 million in a growth equity round. The funding was led by Greenbacker Capital Management and included participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
This investment marks a significant milestone for Nexus PMG, enabling it to expand its services business and project development business lines across North America.
Leveraging a Decade of Experience
Nexus PMG has supported more than 80 unique investors and has advised on over 500 unique infrastructure assets in the complex world of sustainable fuels, biomass, and other waste-to-value asset classes. The new capital will be used to expand its core services such as front-end engineering and design, development-as-a-service, and operational turnaround. It will also boost the development of greenfield and brownfield assets across North America to create low-carbon or carbon-negative products.
“Nexus PMG is well-equipped to assist clients in navigating those complexities while advancing its independent platforms and assets,” said Quinn Pasloske, a Principal at Greenbacker.
Promoting Green Molecule Infrastructure
Nexus PMG is at the forefront of green molecule infrastructure, a critical component of the energy transition. The company plans to hire additional talent and expand its offerings while tailoring its services to meet industry needs. Its two subsidiaries, Nexus W2V and Pathway Energy, focus on converting organic waste streams into renewable natural gas, compost products, and biochar, and producing ultra-low-carbon intensity sustainable aviation fuel respectively.
CEO of Nexus PMG, Ben Hubbard, expressed enthusiasm about the company’s ability to meet growing demand for low-carbon infrastructure expertise as an institutionally backed firm.
About Nexus PMG
Nexus PMG specializes in providing advisory services to infrastructure investors, offering technical, operational, and financial diligence on projects that reduce carbon intensity and enhance resource efficiency. Learn more at http://nexuspmg.com.
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