OG真人官网 Announces Its First Investment in The Renewable Energy Sector – Also Energy
Toronto, Ontario (September 7, 2017) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”) today announces that it, together with limited partnerships controlled by it, made a growth equity investment in Also Energy, Inc. (“Also Energy” or the “Company”). OG真人官网, together with limited partnerships controlled by it have partnered with the existing management team who will retain a significant interest in the business.
Also Energy is a solar monitoring company based in Boulder, Colorado. Also Energy provides software and hardware that enable the monitoring and control of power production and plant operations for commercial, industrial and utility-scale power plants in the United States around the world. The Company was founded by Robert Schaefer, Chief Executive Officer and Holden Caine, Chief Technology Officer who will retain a significant stake in the Company. The opportunity was originated through OG真人官网’s domain work in the renewable energy sector.
“Our domain efforts brought us to this exciting company and we have been consistently impressed with this business throughout our diligence. We are committed to support the Company through potential near-term turbulence and we are excited to partner with Robert and Holden to support the next phase of the Company’s growth”, said Ken Rotman, Co-CEO of OG真人官网.
“OG真人官网 is an ideal partner to help us continue to grow. We sought to find a supportive partner to provide capital and expertise to fuel our expansion and we have found just that in OG真人官网”, said Robert Schaefer.
Also Energy is OG真人官网’s 49th platform investment and the fifth investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
mariak@vbj4.com
