Nexus’ portfolio includes a mix of business lines in the waste industry. It started as an advisory firm in Texas in 2013, but Hubbard said the business quickly expanded to include front-end engineering, technical design services for developers and operation of assets like the former Veolia biomass-fired power plant in Fort St. James, British Columbia. Nexus acquired a partial stake in the plant as part of its distressed asset investment business in 2021.
Hubbard said the advisory business still returns the highest margins for Nexus. He’d like to see it grow its client base — currently more than 80 infrastructure funds and private equity firms — to serve Fortune 500 companies thanks in part to the new funding.
“We now believe the time is right for us to really start representing more of them in their endeavors to decarbonize,” Hubbard said. “This capital that’s coming in is going to allow us to hire and scale to grow into helping a lot of those organizations.”
