AMP Americas, a renewable natural gas (RNG) producer and marketer and compressed natural gas fuel and infrastructure operator for the heavy-duty, commercial trucking industry, has announced a $47 million equity commitment from Houston-based EIV Capital, a private-equity firm focused on the energy industry.
According to AMP Americas, the equity commitment will allow AMP Americas to pursue growth opportunities across its businesses.
AMP Americas operates three business units: Renewable Dairy Fuels produces 100% RNG 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.
“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,” says 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,” he continues.
