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Marathon Capital Advises MAS Energy, Renewable Natural Gas Developer, on CIM Group Capital Raise

August 05, 2021

Marathon Capital, LLC (“Marathon Capital”) has announced that an affiliate of MAS CanAm, LLC (“CanAm”), the holding company for all of the Renewable Natural Gas (“RNG”) activities undertaken by MAS Energy, LLC (“MAS Energy”) has raised capital from CIM Group. Marathon Capital acted as exclusive financial advisor to MAS Energy, a privately held, Atlanta-based owner, developer, and operator of North American RNG production assets and biomethane-to-power facilities.

Marathon Capital worked closely with MAS Energy to prepare the marketing materials and financial model and ran a successful marketing process which drew robust interest from various investors, ultimately resulting in a strong outcome with the right investment partner for MAS Energy.

MAS Energy brings significant experience to the biomethane-to-energy sector. MAS Energy has been involved in 21 projects since 2008 and is developing additional projects that will be added to CanAm’s portfolio. CanAm’s current operating portfolio consists of five facilities, including a 5,100 scfm RNG production facility at the City of Arlington Landfill.

Since its inception in 1994, CIM has focused on real estate and infrastructure projects that serve the needs of communities throughout the Americas and is committed to investing in sustainable assets. CIM is an UNPRI signatory, and its infrastructure projects have been recognized for sustainability by the California Organized Investment Network (COIN), a division of the California Department of Insurance.

“The outcome is testament to Marathon Capital’s knowledge of the RNG space and its relationships with the leading investors in the sector.” – Michael Hall, Managing Partner, MAS Energy

“It has been a pleasure to work with MAS Energy on this financing. We look forward to continuing our relationship with MAS as they develop their RNG business.” – Gary Greenblatt, Senior Managing Director & Co-head of NYC, Marathon Capital

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About MAS Energy
MAS Energy is a fully integrated investment, development and asset management organization that delivers creative and value-added resource solutions to utilities, private sector companies, co-operatives, and municipalities. MAS Energy discovers, develops, owns and operates efficient, distributed clean-energy generation systems that utilize combined heat and power, renewable natural gas, reciprocating engine simple-cycle technology and district energy systems. MAS Energy’s projects provide significant social, environmental, and economic value by reducing emissions, lowering carbon footprint and enhancing the overall reliability of energy infrastructure. For more information, visit http://mas-energy.com/

About CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com

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