Greenbacker Capital Management is taking a stake in Buffalo, New York-based Dichotomy Power.
Greenbacker focuses on investing in small and medium-sized renewable energy infrastructure companies. Dichotomy owns hydroelectric power facilities across the Northeastern U.S and the company is uniquely positioned for long-term growth, according to Greenbacker principal Benjamin Baker.
The deal provides Greenbacker a seat on the Dichotomy Board of Directors. Greenbacker gains joint ownership of Dichotomy along with Dichotomy CEO Ian Clark and a fund managed by Grand Avenue Advisors.