BGL helps capitalize biomass consumer

Cleveland-based investment banking firm Brown Gibbons Lang & Co. (BGL) has announced the recapitalization of Virginia-based Musser Biomass and Wood Products, a maker of reclaimed biomass wood fiber products.

According to BGL, Boston-based private equity firm the Watermill Group has injected capital into Musser that positions the biomass firm “for substantial growth in an emerging market with an opportunity to capitalize on a shift in evolving consumer preferences driven by sustainability.”

BGL says Virginia-based Musser Biomass operates “in the heart of the mid-Atlantic hardwood forest,” providing it access to forest products and sawmill sector residuals, and adds that Musser is an innovative processor and distributor of environmental, social and governance (ESG)-certified reclaimed engineered biomass products including wood fiber, biochar, wood pellets and wood briquettes.

“Using a state-of-the-art low-temperature drying technology, Musser produces a sustainable, differentiated and uncontaminated fiber from landfill-diverted waste for use in the building products sector as a key input in the manufacturing of composite wood products, residential and utility grade heating pellets and briquettes, livestock health applications and other energy transition markets," BGL says.

BGL's engineered materials, building products and energy transition investment banking teams served as the exclusive financial advisor to Musser Biomass in the transaction.

The Watermill Group lists five companies in its portfolio, including Canada-based lumber provider Weston Forest. Its four other companies are involved in producing industrial fasteners, precision rollers and metal forming services.