Power Sustainable's Private Equity Focus on Food Sector Achieves Milestones in 2024
Power Sustainable is thrilled to announce the achievements of its food private equity strategy, Power Sustainable Lios (PSL), in 2024. This year marked a turning point as PSL successfully closed its inaugural fund, a remarkable feat that accumulated $285 million in capital. The fund gathered support from a diverse array of investors including prominent pension funds, large corporations, and family offices. With these significant financial backing, PSL has already made strides in deploying capital, investing over 30% of its resources in North American mid-market companies committed to sustainable transformation across the food value chain.
Notably, PSL has partnered with three leading food companies which are paving the way for sustainability in their operations. The first is Food Cycle Science (FCS), which specializes in waste solutions that help individuals and businesses effectively manage food waste. FCS's innovative technology has made waves across 20 countries, with over 250,000 units in use. Their approach not only simplifies food waste management but also targets a reduction in emissions by over 75%, thereby aligning with eco-friendly practices. This year, FCS's excellence was recognized as it was included in The Globe and Mail’s Top Growing Companies list, along with ranking seventh on Deloitte’s 2024 Technology Fast 50 for Clean Technology.
The second company in PSL's portfolio is Private Brand Consortium. As a value-added distributor, it focuses primarily on baby foods, plant-based beverages, and more, partnering with leading global food companies and retailers to embrace sustainability priorities. Their strategic mission involves reducing packaging waste and enhancing food safety standards, thus ensuring the distribution of healthy and sustainable food options.
Finally, GoodLeaf Farms, Canada's largest producer of vertically grown, pesticide-free leafy greens, enhances PSL’s commitment to sustainable agriculture. GoodLeaf distinguishes itself in the vertical farming sector by leveraging proprietary agricultural technology and exceptional food safety protocols, entirely eliminating the need for harmful chemicals in their farming processes. Their operations not only reduce water usage by over 95% but also help minimize food spoilage, ultimately enabling consumers access to fresher greens while significantly addressing food waste.
Reflecting on this productive year, Jonathan Belair, Managing Partner of PSL, expressed enthusiasm for the opportunities awaiting in 2025. "We're dedicated to collaborating with remarkable food companies and ensuring they have the necessary support to flourish in their growth trajectories."
Bruce Heyman, CEO of Power Sustainable, emphasized the strategic vision driving PSL's operations. He highlighted the unique blend of investment and operational expertise within the PSL team, reinforcing their confidence in their current and future portfolio of investments. This commitment exemplifies Power Sustainable’s broader goal to channel private capital into sustainable endeavors, making a significant impact on food systems across North America.
Power Sustainable Lios specializes in identifying mid-market companies that not only showcase profitability but also lead in implementing sustainability transformations throughout the food value chain. With an investment range of $25 million to $50 million, they are looking to invest in those positioned to drive compounded growth while supporting clean solutions. Power Sustainable itself manages CAD 3.9 billion in assets as of mid-2024, underpinning a mission to accelerate sustainable capital towards impactful projects. For more insights or to learn about their investments, visit www.powersustainablelios.com.
Notably, PSL has partnered with three leading food companies which are paving the way for sustainability in their operations. The first is Food Cycle Science (FCS), which specializes in waste solutions that help individuals and businesses effectively manage food waste. FCS's innovative technology has made waves across 20 countries, with over 250,000 units in use. Their approach not only simplifies food waste management but also targets a reduction in emissions by over 75%, thereby aligning with eco-friendly practices. This year, FCS's excellence was recognized as it was included in The Globe and Mail’s Top Growing Companies list, along with ranking seventh on Deloitte’s 2024 Technology Fast 50 for Clean Technology.
The second company in PSL's portfolio is Private Brand Consortium. As a value-added distributor, it focuses primarily on baby foods, plant-based beverages, and more, partnering with leading global food companies and retailers to embrace sustainability priorities. Their strategic mission involves reducing packaging waste and enhancing food safety standards, thus ensuring the distribution of healthy and sustainable food options.
Finally, GoodLeaf Farms, Canada's largest producer of vertically grown, pesticide-free leafy greens, enhances PSL’s commitment to sustainable agriculture. GoodLeaf distinguishes itself in the vertical farming sector by leveraging proprietary agricultural technology and exceptional food safety protocols, entirely eliminating the need for harmful chemicals in their farming processes. Their operations not only reduce water usage by over 95% but also help minimize food spoilage, ultimately enabling consumers access to fresher greens while significantly addressing food waste.
Reflecting on this productive year, Jonathan Belair, Managing Partner of PSL, expressed enthusiasm for the opportunities awaiting in 2025. "We're dedicated to collaborating with remarkable food companies and ensuring they have the necessary support to flourish in their growth trajectories."
Bruce Heyman, CEO of Power Sustainable, emphasized the strategic vision driving PSL's operations. He highlighted the unique blend of investment and operational expertise within the PSL team, reinforcing their confidence in their current and future portfolio of investments. This commitment exemplifies Power Sustainable’s broader goal to channel private capital into sustainable endeavors, making a significant impact on food systems across North America.
Power Sustainable Lios specializes in identifying mid-market companies that not only showcase profitability but also lead in implementing sustainability transformations throughout the food value chain. With an investment range of $25 million to $50 million, they are looking to invest in those positioned to drive compounded growth while supporting clean solutions. Power Sustainable itself manages CAD 3.9 billion in assets as of mid-2024, underpinning a mission to accelerate sustainable capital towards impactful projects. For more insights or to learn about their investments, visit www.powersustainablelios.com.
Topics Financial Services & Investing）
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