Addison-based Nexus PMG announced a $50 million growth equity round that represents a significant milestone as it builds on a decade of experience in the low-carbon waste-to-value sector. The company said the funding will allow it to quickly expand its services business and project development business lines in North America.
The round was led by an affiliate of New York City-based Greenbacker Capital Management LLC with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
“Nexus PMG’s strategy of consulting for, and directly developing in, the waste-to-value space is an attractive, high-growth proposition,” Greenbacker Principal Quinn Pasloske said in a statement. “The transformation of our waste infrastructure and the production of low-carbon fuels is a critical component of the global energy transition, but the assets are challenging. Nexus PMG is well-equipped to assist clients in navigating those complexities while advancing its independent platforms and assets.”
An early mover in the low-carbon infrastructure sector, Nexus PMG’s services business has supported more than 80 unique investors and has advised on over 500 unique infrastructure assets, the company said.
