Garrington Capital, a provider of capital solutions to middle-market companies in the United States and Canada, closed a $7.4 million senior secured term loan to Plum Investments. The funds will be used to complete Plum’s planned restructuring and consolidation of six existing entities under the Plum Companies umbrella. Founded in 2011, Plum is a provider of the design, construction, commissioning and operation of small-scale Liquified Natural Gas (LNG) plants. The founders pioneered the development of small-scale natural gas over a decade ago, revolutionizing fuel stations for the first company to develop off-grid markets for small-scale LNG. Plum allows its customers to utilize less expensive, clean-burning natural gas by creating safe, comprehensive systems that meet the specific needs of their business.
Applicable to mining and oil and gas, as well as other industries, Plum’s small-scale LNG solutions allow its customers multiple options to access the versatility of LNG as a replacement for diesel.
