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Article: Allied Resource Corporation Completes $53.0 Million Equity Financing with PCG Capital Partners, LLC.
- Article from:
- Business Wire
- Article date:
- June 9, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WAYNE, Pa. -- Allied Resource Corporation, a global climate technology group operating and servicing energy related businesses, today announced the closing of a $53 million preferred growth equity financing with PCG Capital Partners, a private equity firm in La Jolla, CA. Riverside Management Group acted as the lead advisor to Allied on the transaction.
Proceeds from the transaction will be used to accelerate Allied's climate technology activities in waste lube oil recycling and coal gasification with CO2 sequestration.
"PCG is an exceptional institutional partner and the capital enables Allied to accelerate its business plan while positioning it for an ...