For Immediate Release
March 31, 2009
Ewing Bemiss & Co. Announces a $12.1 Million Investment in Multitrade Telogia, LLC
Richmond, Virginia – Ewing Bemiss & Co. is pleased to announce that Multitrade Biomass Holdings, LLC (“Multitrade” or “the Company”) has secured a $12.1 million investment in its Multitrade Telogia, LLC subsidiary from Leaf Clean Energy Company (AIM: LEAF). Proceeds from the investment will be used to develop a 14-megawatt wood-waste fired renewable energy power plant in Telogia, Florida, approximately 35 miles west of Tallahassee. 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. Multitrade is headquartered in Henry County, Virginia.
Multitrade has been a client of Ewing Bemiss & Co. since 1998, when Ewing Bemiss & Co. advised on the sale of the Multitrade Group Inc., to KTI Inc. In July 2008, Ewing Bemiss & Co. assisted in a capital raise for Multitrade Rabun Gap LLC, a 20 megawatt wood-waste fired renewable energy project.
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 Energy, Healthcare, Transportation & Logistics and Business & Technology Services.