Recent Acquisition, Growth and Expansion in #Cleantech:
(OTC: $DGWR) (TSXV: $XBC.V) (OTCQB: $CETY) (NYSE: $BAM) Riding the Wave of
Acquisitions and Expansion in Cleantech and #ESG Investing; @DeepGreenDGWR @XebecInc @CETYINC @Brookfield
Point Roberts, WA and Delta, BC - August 31, 2020
(Investorideas.com Newswire) Investorideas.com, a global news source and
leading investor resource covering cleantech and renewable energy stocks
(Renewableenergystocks.com) issue a sector snapshot looking at recent
acquisition, growth and expansion news from publicly traded companies in the
sector, featuring Deep Green Waste & Recycling, Inc. (OTC
PINK: DGWR)and how investors can benefit.
Read this article featuring DGWR in full at https://www.investorideas.com/news/2020/cleantech-climatechange/08311Acquisition-Expansion.asp
According to Morningstar, "Interest in sustainable investing has grown tremendously in
recent years, and our research has shown that this applies to most investors,
regardless of gender or age. Given this rise in popularity, a growing number of
asset managers and public companies are making sustainability-focused
changes."
Continued: “As Morningstar's Director of
Sustainability Research, Jon Hale noted in his Sustainable Funds US Landscape
Report; many “companies started off 2020 by issuing significant commitments to
sustainability.” Along with these commitments, asset flows into sustainable
funds increased fourfold in 2019 alone and continue to see record inflows so
far this year.”
Seeing the wave of
the future, Deep Green Waste & Recycling, Inc. (OTC
PINK: DGWR), a sustainable
waste and recycle management services company for commercial customers
just announced that it signed a Letter of Intent (LOI) to acquire the assets
of Amwaste, Inc., a commercial waste and debris disposal services company
serving the Golden Isles region of coastal Georgia.
With a long history
in tech and renewable energy, Lloyd Spencer, President of Deep Green Waste
& Recycling discussed his acquisition strategy with Investor Ideas in a podcast released
in July saying. “Some of the acquisitions are going to be what people call traditional;
recycling and waste management companies. We're looking for profitable
companies, companies that are already in the business and have been have been
in the industry for as many as 20 years. So we're what we're looking at is any
number of companies that have experience as waste haulers, recyclers. Beyond
that, we're also looking at how we can build partnerships with companies that
are doing some unique things in recycling, like plastics, recycling and food
waste.”
Based in Brunswick,
Georgia, Amwaste serves customers in Glynn County and surrounding areas, where
the company has built a solid customer base and has established a strong
reputation for quality service. Amwaste operates in a vibrant, high-growth area
of the southeastern United States and will be a key element for developing Deep
Green's business.
"This
acquisition is strategic because it will help us expand our footprint for
delivering innovative waste and recycle management services to commercial
customers in Georgia while executing an important step in our growth strategy,"
said Lloyd Spencer, President and CEO of Deep Green. "We look forward to
bringing Amwaste into the Deep Green family and developing Amwaste to its
fullest potential."
Deep Green expects
to sign a Definitive Asset Purchase Agreement after completing its due
diligence.
Also on an
acquisition path, Xebec Adsorption Inc. (TSXV: XBC) announced in early August: “Xebec Expands Cleantech Service Network with Acquisition of
North Carolina Based Air Flow.
Xebec Holding USA
Inc, a wholly-owned subsidiary of Xebec Adsorption Inc., entered into an
agreement effective July 31st, 2020, to acquire all of the outstanding
securities of Enerphase Industrial Solutions, Inc. (doing business as “Air
Flow”). Air Flow’s principals will remain with Air Flow after the acquisition
to optimize their integration into Xebec’s industrial service and support
business and to grow the operation over the coming years.”
Continued: “Air Flow is a leading distributor and
service provider of compressed air equipment in North Carolina. Incorporated in
1981, the company brings decades of industry experience and has built long
standing relationships with major manufacturers and has developed a significant
service footprint through numerous equipment installations. Air Flow’s focus is
on preventative maintenance solutions, air energy system audits and analysis, and
timely machine rentals, and parts and service.”
Another small
company in the sector recently announced expansion plans. Clean Energy Technologies, Inc. (OTCQB: CETY), a clean energy company focusing on products in the energy
efficiency and environmental sustainability market announced recently that it
has signed a manufacturing agreement to build proprietary equipment designs
from Envirepel Energy. Under the terms of this agreement CETY's engineering and
manufacturing services will manufacture the emission control and electronic control
systems for each of Envirepel's biomass energy projects to their
specifications, equating to approximately $2M and sell the Product to Projects
developed by Envirepel Energy.
Continued: “Envirepel is a renewable energy
company that develops clean energy projects selling power to public utilities
that has developed an agricultural green waste to energy project that will
generate approximately 3 MW of power, delivering energy under a 20 year power
purchase agreement (PPA) to Southern California Edison. The company has additional projects in
development that can include CETY ORC heat recovery equipment.”
Continued: “Infrastructure projects like the
construction of biomass and waste to energy plants that are designed to not
pollute the environment as previous technologies have, are poised to capitalize
on the legislation that mandates the elimination of organic waste from
landfills.”
"This agreement
represents an organic expansion of our business model," said Kam Mahdi,
CEO of CETY. "Our value proposition
is so closely aligned with renewable energy producers it just makes sense to
become more than just a value-added supplier of equipment."
Looking to the
bright future of ESG investing, Brookfield Asset Management (NYSE: BAM) (TSX: BAM.A) announced the appointment of Mark Carney as a Vice Chair
and Head of ESG and Impact Fund Investing. Mark brings a wealth of knowledge
and expertise to his role at Brookfield. He is currently the United Nations
Special Envoy for Climate Action and Finance and is a longtime advocate for
sustainability, specifically with regard to the management and reduction of
climate risks.
Continued: “Mark will expand on Brookfield's
existing strengths in ESG investing with the development of a group of funds
that will work to combine positive social and environmental outcomes with
strong risk-adjusted returns for investors. The funds will make ESG-focused
investments that are both capable of delivering measurable outcomes against
specific impact goals and consistent with Brookfield's extensive experience
investing in high-quality, sustainable assets that form the backbone of the global
economy.”
Continued: “Carney remarked, "With an
accelerated transition to a net zero economy imperative for climate
sustainability and one of the greatest commercial opportunities of our time,
I'm looking forward to building on Brookfield's leading positions in renewable
energy and sustainability to the benefit of its investors and society."
Lloyd Spencer,
President of Deep Green Waste & Recycling, Inc. (OTC
PINK: DGWR) told Investor
Ideas following their recent news, ”Working with
investors, especially those who value sustainable ESG investment strategies to complete these
acquisitions, as well as partnership with innovative universities and
start-ups, we are confident that Deep Green Waste and Recycling can grow into a
leading waste and recycling services industry player.”
Bloomberg recently reported, “At the moment when so
many industries are staggered by the coronavirus pandemic, investors are
beating the market by putting their money in companies committed to
environmental, social and governance priorities favoring transparency, diversity
and sustainability.”
“ESG is where profits are, signaling that doing the
right thing increasingly is the smartest bet.”
For investors following renewable energy and ESG
stocks, visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Visit the Cleantech and Climate Change Podcast page at
Investorideas.com
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