For Immediate Release
July 24, 2008
Ewing Bemiss & Co. Announces a $21.5 Million Investment In Multitrade Rabun Gap, LLC
Richmond, Virginia — Ewing Bemiss & Co. is pleased to announce that Multitrade Biomass Holdings, LLC (“Multitrade” or “the Company”) has secured a $21.5 million investment in its Multitrade Rabun Gap, LLC subsidiary from Leaf Clean Energy Company (“Leaf”). Proceeds from the investment will be used to develop a 20-megawatt wood-waste fired renewable energy power plant in Rabun Gap, Georgia. Ewing Bemiss & Co. represented Multitrade in the transaction.
Multitrade Biomass Holdings LLC was formed in December 2006 to develop renewable wood-waste fired power plants in the Southern and Mid-Atlantic states. The Company has a pipeline of development projects for supplying electricity, thermal energy and renewable fuel to utilities and industrial companies. The President of Multitrade, Ed Brammer, was also the founder and CEO of a predecessor company, Multitrade Group, Inc., that developed wood fueled power plants, including an 80-megawatt plant located in central Virginia. Multitrade is headquartered in Henry County, Virginia.
“Multitrade relied on the professionals at Ewing Bemiss & Co. throughout all aspects of the transaction process,” said Mr. Brammer. “Their professionalism and knowledge of project finance expedited the closing process. Ewing Bemiss & Co. provided service that far exceeded our expectations.”
Ewing Bemiss & Co. is an investment bank focused on delivering superior service and optimal results to middle market companies. Since its founding in 1992, Ewing Bemiss & Co. has given clients across a broad range of manufacturing and services sectors the benefit of its extensive transaction experience and strong relationship orientation. Ewing Bemiss & Co. provides merger and acquisition advisory, private capital formation, financial restructuring and strategic advisory services.
Ewing Bemiss & Co. is widely recognized for in-depth sector knowledge and expertise developed through proactive research, years of dedicated service and the development of strong relationships with sector participants in several industries, including Healthcare, Energy, Transportation & Logistics and Business & Technology Services. For more information, please visit www.EwingBemiss.com.
Contact:
Mary Bacon
804 780 1912
m.bacon@ewingbemiss.com