Newlight Partners Leads Growth Investment in BayoTech
January 5, 2021
BayoTech received an equity investment of up to $157 million led by growth equity firm Newlight Partners, with participation from Cottonwood Technology Fund, Sun Mountain Capital and Fortistar. The capital will accelerate BayoTech’s product and project development and infrastructure expansion for its on‑site hydrogen generation and Gas‑as‑a‑Service offerings.
- Buyers
- Newlight Partners LP, Cottonwood Technology Fund, Sun Mountain Capital, Fortistar
- Targets
- BayoTech, Inc.
- Industry
- Energy
- Location
- New Mexico, United States
- Transaction Type
- Growth capital
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