Inaeris Technologies, LLC recently closed on the sale of its plant and equipment assets to Tiger Capital Group. Ocean Park acted as exclusive financial advisor to the seller.

“Ocean Park’s expertise in M&A transactions, knowledge of the advanced biofuels sector and deep relationships were critical to the sales process,” said Christopher Artzer, President and General Counsel of Inaeris Technologies. “Our strategies and objectives have evolved in response to market conditions and Ocean Park has been a steadfast and valuable partner to us.” 

Financial terms of the transaction were not disclosed. The assets include a demonstration facility, pilot plant and lab equipment located in Pasadena, Texas. Inaeris Technologies and Ocean Park will further assist Tiger Capital Group on the sale of the acquired assets to an identified strategic party.

“We are extremely pleased to have reached this important milestone for Inaeris Technologies, which we believe further solidifies our position as a leading advisor in the renewable fuels and chemicals industries,” said Mark Fisler, Ocean Park managing director.