In Texas, Nexus PMG announced a $50 million growth equity round, led by an affiliate of Greenbacker Capital Management LLC with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance. The close of this investment represents a significant milestone as the firm builds upon a decade of experience in the low-carbon waste-to-value sector and will enable Nexus PMG to rapidly expand its services business and project development business lines in North America.
Nexus PMG’s services business has supported more than 80 unique investors and has advised on over 500 unique infrastructure assets. With the new round of capital, Nexus PMG intends to expand its existing core service offerings including front-end engineering and design, development-as-a-service and operational turnaround. Nexus also leverages its deep knowledge in the space to develop greenfield and brownfield assets across North America, creating low-carbon (or even carbon-negative) products to reduce the emissions of tough-to-abate sectors like chemicals production and aviation.
