Loci Controls, the firm specializing in automated landfill gas collection, announced tthat Turnbridge Capital, a Texas-based private equity firm focused on investments in energy service and equipment providers, has led, alongside the company’s existing shareholders and management team, an equity financing and additional equity commitment to support Loci’s growth and expansion.
The amount of the funding was not disclosed.
“Loci is very excited to partner with Turnbridge, whose investment and capital commitment will provide the financial foundation and support to allow for the rapid introduction of Loci’s proprietary automated landfill gas collection products and services to the North American landfill gas-to-energy industry,” Peter Quigley, chairman and CEO of Loci Controls, said in a statement.
“We welcome the opportunity to partner with Loci Controls and their accomplished management team,” Rob Horton, partner of Turnbridge, said in a statement. “We look for opportunities in energy service markets where proprietary technology can lead to a step change improvement in operations, while at the same time lowering costs. We believe Loci’s solutions offerings will have a very positive impact on the landfill gas-to-energy industry, and we are excited to support Loci’s aggressive growth plans.”