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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