BDC Capital puts $6 mln to work in Fulcrum-backed Verdant
BDC Capital has provided mezzanine financing of $6 million to Verdant Environmental Technologies Inc, a Montréal-based developer of smart thermostats for commercial and institutional buildings. BDC made the investment through its growth and transition capital group. Established in 2008, Verdant primarily serves the hospitality industry. CEO Alain Bélanger said the funds raised will help accelerate the company's expansion. Verdant is backed by Canadian mid-market private equity firm Fulcrum Capital Partners. Fulcrum acquired the business in 2016.
10 January 2019•3 mins read
