Saoradh Energy Partners Assists with $47 Million Equity Commitment for Amp Americas
BOULDER, Colo., October 31, 2017 – Saoradh Energy Partners (SEP) announced today that it assisted with the $47 million equity capital investment and commitment from funds affiliated with Houston-based EIV Capital, LLC to AMP Americas in late Q2 2017.
“We are pleased to have played a role in this equity capital financing, including bringing together EIV Capital and AMP Americas,” said Paul A. Nelson, Managing Partner at SEP. “We also provided market and other analysis, due diligence support, industry research, and other work in support of the transaction. Many of our team members have deep expertise in the natural gas transportation fuel market and we enjoyed working with AMP Americas and EIV Capital on this transaction.”
“As the result of SEP’s work, our Saoradh Investment Fund I now has an interest in AMP Americas,” said Nelson. “In addition to this interest in AMP, SEP’s fund holds investments in Redmark CNG Services and Ward Alternative Energy both of which are based in Colorado. This natural gas transportation fuel-oriented fund is now complete and the company’s next fund will focus more broadly on downstream clean energy and advanced materials.”
AMP Americas, based in Chicago, is fueling the transformation of the nation’s heavy-duty trucking sector by providing clean, low-cost natural gas and 100 percent renewable natural gas for vehicles through its three business units: Renewable Dairy Fuels produces 100 percent renewable natural gas at its biogas facility, ampCNG operates a nationwide network of 20 public-access heavy-truck CNG fueling stations, and ampRenew sources RNG for partner and ampCNG stations and provides risk management to help fleets and station owners save money. By taking advantage of an abundant domestic fuel source, dairy waste, and converting it into carbon-negative transportation fuel, AMP Americas is saving fleets money and reducing their environmental footprint.
About Saoradh Energy Partners
Saoradh Energy Partners is a private capital and venture development company focused on downstream clean energy and advanced materials opportunities. Founded in 2010, the firm is based in Boulder, Colorado, and takes a unique approach to developing small companies through intense market research and analysis, seed and other early-stage capital, and engaging its team to provide interim operating roles and support services.