Ocean Park Advises on Sale of Inaeris Technologies’ Assets
December 11, 2018 – Inaeris Technologies, LLC (“Inaeris Technologies”) recently closed on the sale of its plant and equipment assets to Tiger Capital Group. Ocean Park acted as exclusive financial advisor to the seller.
“Ocean Park’s expertise in M&A transactions, knowledge of the advanced biofuels sector and deep relationships were critical to the sales process,” said Christopher Artzer, President and General Counsel of Inaeris Technologies. “Our strategies and objectives have evolved in response to market conditions and Ocean Park has been a steadfast and valuable partner to us.”
Financial terms of the transaction were not disclosed. The assets include a demonstration facility, pilot plant and lab equipment located in Pasadena, Texas. Inaeris Technologies and Ocean Park will further assist Tiger Capital Group on the sale of the acquired assets to an identified strategic party.
“We are extremely pleased to have reached this important milestone for Inaeris Technologies, which we believe further solidifies our position as a leading advisor in the renewable fuels and chemicals industries,” said Mark Fisler, Ocean Park managing director.
Inaeris Technologies is a cutting-edge biofuel technology company advancing the development of a proprietary technology platform that transforms non-food biomass into drop-in hydrocarbon transportation fuel blendstocks. Its technology is flexible and can be commercialized either as a stand-alone facility or as an addition to an existing facility, such as one that already processes biomass (pulp/paper mill) or produces fuels (petroleum refinery). For more information about Inaeris Technologies, visit www.inaeristech.com.
Ocean Park is a boutique investment bank that advises on mergers and acquisitions, financings and restructurings with extensive experience in the renewable fuels, cleantech, food and agribusiness industries. Ocean Park has completed 28 renewable fuels M&A transactions since 2006. Any securities are offered through Ocean Park Securities, LLC, a member of FINRA and SIPC. Ocean Park’s professionals are licensed registered representatives of Ocean Park Securities, LLC. For more information, please visit oceanpk.com.