Clean energy company AMP Americas announced a $47 million equity commitment from EIV Capital, a Houston-based private equity firm focused on the energy industry. Based in Chicago, AMP Americas produces natural gas from cow manure and sources renewable fuel for trucking fleets.
CHICAGO – AMP Americas, the pioneering renewable natural gas (RNG) producer and marketer, and compressed natural gas (CNG) fuel and infrastructure operator for the heavy-duty, commercial trucking industry, today announced a $47 million equity commitment from Houston-based EIV Capital, a private equity firm focused on the energy industry. The equity commitment will allow AMP Americas to pursue growth opportunities across its businesses.
AMP Americas 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. AMP Americas operates three business units; Renewable Dairy Fuels produces 100 percent renewable natural gas at its biogas facility at Fair Oaks Farms in Indiana, ampCNG owns and operates a nationwide network of 20 public-access, ultra-fast fill CNG fueling stations, and ampRenew sources RNG for partner CNG stations and ampCNG stations and provides risk management to help fleets and station owners reduce risk and save money. By taking advantage of an abundant domestic fuel source, dairy waste, and converting it into valuable, clean, carbon-negative transportation fuel, AMP Americas is saving fleets money, improving air quality and reducing GHG emissions.
“As an integrated clean energy company with production and distribution assets across the country, we wanted a partner with proven success in both the traditional and renewable energy sectors that could help us scale and execute our aggressive growth plans,” said Grant Zimmerman, CEO at AMP Americas. “EIV Capital has an excellent track record growing energy businesses and will help us as we invest in new biogas production, new fueling stations, and in growing our team.”
“We’re excited to partner with AMP Americas and to support them as they lead the way in CNG and RNG,” said Patti Melcher, Managing Partner at EIV Capital. “With its history of leadership and innovation, experienced management team and portfolio of high quality assets, AMP Americas is in an excellent position to flourish in this exciting and important market.”
About AMP Americas
AMP Americas conducts operations through three business units; Renewable Dairy Fuels, ampRenew and ampCNG. Renewable Dairy Fuels (RDF) produces 100 percent renewable natural gas from an anaerobic digester at Fair Oaks Farms in Indiana. ampRenew, the company’s branded high quality RNG sourcing, marketing, and risk management business, sources RNG from Fair Oaks Farms and RNG developers to supply partner CNG stations, ampCNG stations, and fleet customers with clean sustainable RNG for trucking fleets. ampCNG is leading the movement to help heavy-duty trucking fleets transition to cost-effective, clean and American-produced CNG. A member of the Department of Energy’s National Clean Fleets Partnership tasked to reduce the nation’s dependency on imported oil, ampCNG builds, owns and operates a growing network of CNG fueling stations for long-haul trucking fleets. For more information, call (312) 300-6700 or visit http://www.ampcng.com.
About EIV Capital:
Founded in 2009, EIV Capital is a Houston, TX-based private equity firm specializing in providing growth equity to the energy industry. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain with a focus on midstream infrastructure and related services. For more information, visit www.eivcapital.com.