Plasco Energy Group's founder buys business from creditors
Plasco Energy Group Inc has been bought by RMB Advisory Services Inc, a firm owned by Roderick M. Bryden. Bryden, who is Plasco's founder, has been appointed chairman and CEO of the company, roles he previously held. No financial terms were released. Ottawa-based Plasco, a waste-to-energy technology company, filed for creditor protection in February and was acquired by its secured creditors, North Shore Power Group Inc and Canadian Water Projects Inc. Over the years, it has raised about $250 million in private equity and venture capital, according to Thomson Reuters. Its most recent backers have included Ares Management, Killick Capital and Soros Fund Management.
29 September 2015•3 mins read
