COLUMBUS, Ohio, Dec. 15, 2023 — Nanotherm is thrilled to announce the latest addition to its advisory board: Kent Helfrich, former CTO of General Motors, VP of GM Research and Development and President of GM Ventures, GM’s Corporate Venture Capital team. Mr. Helfrich is a seasoned senior executive known for his innovative leadership and global technology value creation, from start-ups to multi-national product development teams.
Kent Helfrich
His joining comes at a pivotal time for Nanotherm as the company continues to revolutionize thermal solutions through cutting-edge nanotechnology. The company’s proprietary thermal films and coatings have set new standards in energy efficiency, cost-effectiveness, and versatility, extending the range of electric and hybrid vehicles while improving passenger safety and comfort.
“Nanotherm is at the forefront of heating technology, and Kent’s strategic acumen is the perfect catalyst for our next phase of innovation and growth,” said Andy Dickson, CEO of Nanotherm. “We are confident that with Kent’s guidance, we will accelerate our commercialization efforts and transform thermal solutions in the mobility sector and beyond.”
Kent Helfrich commented, “I am excited to join Nanotherm’s advisory board and to collaborate with a team that’s as passionate about innovation as I am. Nanotherm’s technology has the potential to redefine thermal solutions, and I look forward to contributing to a brighter, more efficient future.”
About Nanotherm:
Nanotherm is a pioneering company in the field of nanotechnology-based thermal solutions. Its innovative thermal films and coatings offer unprecedented efficiency and versatility, promising substantial cost savings and environmental benefits. Dedicated to sustainable practices and the advancement of energy-efficient heating technology, Nanotherm is improving the way we heat our world.
Seedphrase, Pranksy, Gmoney, Zeneca and more have invested in a new protocol built to bring quality engagement and beat the Twitter bots
NEW YORK, Dec. 15, 2023 — A group of the world’s best known cryptocurrency and NFT investors are financially backing a new social-fi innovation company to ‘fix Crypto Twitter’. The company, ‘/Reach’, has attracted seed funding from a wide number of public facing figures including Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, and Mooncat2878. Previous institutional funding from amongst this group include investments in Blur, LooksRare, SuperRare, and NFTNow.
L’anamour and 8an, co-founders of /Reach shared: “Twitter is the home of the international crypto community, yet the platform, the algorithm, and the millions of fake profiles are a constant source of frustration to people and businesses alike. We’re here to change this, and we’ve built a fit-for-pupose protocol and gathered together some of the biggest names in crypto to help us achieve this mission.”
After completion of a beta phase involving onboarding over 6,000 users, /Reach is planning its full launch for 14:00 EST Monday 18th December powered by the $REACH token.
The new company and its investors are looking to use social-fi innovation to fix some of the social media platform’s most glaring problems. The protocol’s USP which allows it to do this is a unique integration between Discord, the home of closed crypto communities, and Twitter/X. This enables anyone to promote their content to an engaged, audited user base while remunerating them for their contribution to the network effects.
This integration allows users and businesses alike to break through the Twitter algorithm and promote their content to targeted audiences. The protocol has already garnered interest from large gaming and media incumbents outside of web3 as a planned next step for growth.
Despite its position as the unofficial “home” of the crypto industry online, Twitter/X has increasingly come under fire from inside and outside of the blockchain industry for the prevalence of bots, fake followers, and low quality engagement across the platform.
A study earlier this year found that many of the biggest crypto profiles have 100,000s of fake ‘bot’ followers inflating their communities. These same fake profiles are also used to promote projects with artificial and low quality engagement on social posts. Elon Musk’s attempts to prevent this since he acquired the company have had limited results, Twitter/X is predicted to lose 30 million users over the next two years – almost 10% of its active user base.
Seedphrase, one of the most recognisable names on Crypto Twitter, the owner of the rarest Cryptopunks, and lead advisor of /Reach shared:
“I’m happy to announce that I’ve joined Get Reach as an advisor and investor in a bid to fix crypto Twitter and help the platform become what it was meant to be. The average organic engagement rate on X is only currently 0.05%. There is high demand for tools to help grow user engagement, while being safeguarded from unpredictable algorithmic changes and competition.
Get Reach’s platform fosters a collaborative environment where creators and contributors unite to enhance the visibility of Web3 projects, while reaping rewards for their participation. The onus is on us to welcome corporates into web3, and I see Get Reach as the perfect gateway for this with a true decentralised ethos.”
/Reach’s full launch will take place at 14:00 EST on Monday 18th December with full details to be released on the project’s Twitter/X page on Monday.
ABOUT /REACH
/Reach is a simplified, automated, permissionless protocol for quality engagement rewarding, powered by $REACH. The /Reach protocol allows for brands, projects, communities, and individuals to leverage the network effects of a large, vetted and audited audience to organically amplify their key pieces of content, and reward them for it. 100% of all rewards put up by creators are redistributed back into the network.
/Reach was founded by 8an, former venture developer at Rocket Internet, founding team at Numan, and co-founder of art fractionalisation protocol Particle, and Lanamour, former private equity investor and founder of vintage photography platform FocusBloc. /Reach raised $1,000,000 on chain in less than 24 hours from the likes of Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, Canary Labs, NxGen, PunkDAO, Mooncat2878, Dingaling, and 0xSun and others who have been using the /Reach protocol throughout its beta phase and have seen the impact it can have on their communication strategies.
ABOUT SEEDPHRASE
Having been involved in the crypto space since 2013, Seedphrase (Daniel Maegaard) is one of the most prolific figures in the web3 space and is highly involved in luxury fashion, music and generative art. He has amassed one of the largest personal collections of digital art and NFTs which includes the only 1/1 Cryptopunk#8348.
ABOUT ZENECA
Known as one of the educational pillars of web3, Zeneca (Roy Bhasin) has helped the masses with onboarding to the world of NFTs by way of his Twitter/X posts and founding of the ZenAcademy and 333Club. Despite a more recent entrance to digital collectibles, Zeneca’s focus on value creation and ability to simplify complex topics has cemented him as a crypto thought leader.
ABOUT PRANKSY
Boasting almost 500,000 followers on Twitter/X, Pranksy is known to many as the apex of NFT collecting and trading, having sold over 1,250 Bored Apes and earning over 1,000ETH trading CryptoPunks.
ABOUT GMONEY
A founder and collector, GMONEY is one web3’s most notable pioneers. Known simply by his alias and recognized immediately by the rare ape CryptoPunk that he uses as his PFP, GMONEY is the founder of Admit One (a membership-based group of NFT collectors) and 9DCC (a web3-based fashion brand).
ABOUT PUNKDAO
PunkDao are the the largest decentralized organization holding punks. They invest in projects through Punk Ventures, a VC investment DAO with membership on application.
Funding would help high performance window manufacturer add over a hundred new jobs
LOUISVILLE, Colo., Dec. 15, 2023 — Alpen High Performance Products (Alpen), the leading American manufacturer of high performance window technologies for commercial and residential markets, today announced that is has been selected for negotiation of $5.8 million in funding from the United States Department of Energy (DOE) for the production of ultra-thin, triple and quad-pane insulated glass units (IGU’s) for windows. The status was given to Alpen as part of a larger DOE project that will grant $275 million to seven different companies to strengthen domestic supply chains and accelerate clean energy manufacturing.
“This selection validates our ongoing commitment to manufacturing high performance windows and doors,” said Alpen CEO Brad Begin. “It also speaks to the hard work of our employees. Our company has grown exponentially over the last few years because of moments like these. That has allowed Alpen to offer better opportunities and more upward mobility for our highly diverse workforce. We expect to create more than a hundred new jobs because of this selection.”
The announcement was made by the DOE at the inaugural meeting of the White House Council on Supply Chain Resilience and first reported on by the New York Times. The funding, once negotiated, is designed to help the company retrofit existing facilities in Louisville, CO and Vandergrift, PA, in order to produce IGU’s. These retrofitted, automated facilities will be among the first of their kind in the United States and will help the company create more domestic jobs.
“President Biden’s Investing in America agenda is driving the manufacturing boom while preserving the communities and workforce that have powered our nation for generations,” U.S. Secretary of Energy Jennifer Granholm said in a statement. “With these historic investments, DOE will bring new economic opportunities and ensure these communities continue their key role in strengthening America’s national and energy security.”
The New York Times article claims the DOE’s program will distribute $275 million to seven projects in its initial round and expects its funding to be matched by about $600 million more in private investment. According to an Office of Manufacturing and Energy Supply Chains (MESC) report, “the DOE award will increase Alpen’s production tenfold, create 100 good-paying jobs through investment in automation, and significantly reduce customers’ energy use and home heating and cooling costs.”
“Being selected for the DOE’s negotiation of funding is the next piece in Alpen’s ongoing mission to improve building performance,” said Begin. “Our windows were installed in some of the first high performance homes and buildings in the United States, and in thousands of residential and commercial projects since then. That list includes the Empire State Building, and projects in some of the harshest climates in the world including Antarctica and the Arctic Circle. Alpen will continue to lead the way. We will continue to champion ideas that make our world’s buildings more comfortable, more efficient, and more focused on climate issues.”
For more information about the DOE selecting Alpen for negotiation of funding, please contact Alpen media relations by clicking here. For more information about Alpen HPP, please click here.
About Alpen For over forty years, Alpen has pursued a quest to radically transform the built environment in the United States by designing windows, doors and architectural glass that continue to raise the bar on performance. We specialize in leveraging advanced materials and innovative design to ensure exceptional performance for both commercial and residential applications. Our products rank among the most efficient and durable solutions in North America and beyond. Please visit Alpen’s website to learn more.
Obviously AI Makes Machine Learning More Accessible By Enabling Companies To Turn Their Raw Data Into Predictive AI Models.
GREENWICH, Conn., Dec. 15, 2023 — O’Shaughnessy Ventures LLC (“OSV”), a family office that invests in ambitious seed and pre-seed startups, announced today that it has invested in Obviously AI, Inc. (“Obviously AI”). Founded in 2020 by Nirman Dave and Tapojit Debnath, Obviously AI enables companies to use their raw data to generate actionable insights using AI models. Whereas previously using AI to gather conclusions from data would be a costly and time-consuming process, Obviously AI makes the process possible with just a few clicks.
Logo for Obviously AI
OSV’s founder, Jim O’Shaughnessy, commented; “The advent of AI creates an opportunity for corporations to leverage data and understand their customers, product, market, and business in ways they simply could not historically. Obviously AI bridges the gap between what and how, bringing AI to businesses of all sectors and sizes.”
“We are thrilled to welcome Jim, an investor with a remarkable track record of building lasting companies and deep domain knowledge in AI, and his team at OSV,” said Obviously AI cofounder and CEO Dave; “with their support, Obviously AI is poised to accelerate its mission of helping every company become an AI company.”
About O’Shaughnessy Ventures
OSV is a family office that invests in ambitious seed and pre-seed startups. Founded by Jim O’Shaughnessy, a pioneer in quantitative investing, founder of O’Shaughnessy Asset Management, and author of four books on investing, OSV aims to provide financial support and to partner in growing the next life-changing ideas. For more information, visit https://www.osv.llc/.
Media Contact: Ena Gong O’Shaughnessy Ventures LLC (917) 355-7420 [email protected]
Fresh capital will strengthen SpiceJet’s financial position and provide resources to invest in growth plans
GURUGRAM, India, Dec. 15, 2023 — The Board of Directors of SpiceJet Ltd. has approved the raising of fresh capital of over INR 2,250 Crore (approximately USD 270 million) through the issuance of equity shares to Financial Institutions, FII’s, HNI’s and private investors aimed at fortifying the airline’s financial strength and accelerating its growth trajectory.
The Board, in a unanimous decision, considered and approved issuance of equity shares/equity warrants under private placement basis, subject to shareholder and regulatory approvals as may be required.
The proposed preferential issues comprise of investors like Elara India Opportunities Fund, Aries Opportunities Fund, Mahapatra Universal Limited, Nexus Global Fund, Prabhudas Lilladher, Resonance Opportunities Fund and many more for issuance of equity shares and equity warrants aggregating to over INR 2,250 Crore.
The proposed fund infusion will go a long way in enhancing product presence and market reach of SpiceJet and will also provide deep financial foundation. The capital raised will be instrumental in funding operational expansion initiatives, including fleet enhancement, route network expansion, and technological advancements.
“This is a significant fund raise and it is designed to strengthen SpiceJet’s financial position, enhance operational capabilities, settle outstanding issues and position the airline again for sustained growth in the dynamic aviation sector,” said Ajay Singh, Chairman and Managing Director, SpiceJet.
He expressed optimism about the positive impact these developments would have on the airline’s future.
“We are confident that this capital raise will help us achieve our goal of building a world class airline in India. I personally thank all our stakeholders, all those who work for SpiceJet and all those who work with SpiceJet and who have patiently waited for this day. They have allowed us the time and opportunity to overcome a difficult phase in our history, and we are grateful to them,” Singh said.
SpiceJet has on order more than 200 Boeing 737 Max aircraft.
About SpiceJet:
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA-IOSA certified airline that operates a fleet of Boeing 737s & Q-400s and is one of the country’s largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme.
NEW YORK, Dec. 15, 2023 — TG.Casino ($TGC) has raised $4 million as its Telegram-based cryptocasino goes from strength to strength after seeing more than $45 million wagered on the platform, with its presale heading for a sellout.
Total deposits on the casino, live events and sportsbook platform have surpassed $4.5 million, and the player count is nudging 3,000. Meanwhile, the number of subscribers to its Telegram channel has mushroomed beyond the 11,000 mark.
TG.Casino has raised $4m from eager traders, with more contributions flowing in after players wager $45m
Competitor Rollbit is getting worried as it looks over its shoulder at the new upstart threatening to eat its lunch.
Forty percent of the total token supply of 100 million $TGC is on offer to the public in presale. The token price increases by $0.005 every five days until the hard cap of $5m is reached.
There are two days to go before the next increase, with the $TGC token currently priced at $0.185. The presale is now more than 80% completed.
TG.Casino is shaping up to be the next GameFi crypto to explode, just like Rollbit. The new gambling and gaming ecosystem has a number of advantages over Rollbit, such as fee-free passive income from staking.
In addition, it is head and shoulders above Web2 legacy online casinos as far as onboarding and ease of use go. TG.Casino players can gamble easily using their Telegram account and a crypto-funded wallet to get up and running.
Furthermore, buy the $TGC token in presale and you can immediately stake your newly purchased tokens to earn a generous 158% (APY). There are also exclusive benefits for presale buyers active on the platform.
After launch NFTs will be made exclusively available to presale buyers, plus juicy rewards for high-roller presalers who invest $5,000 or more.
Whales are buying $TGC – maybe you should too
As the TG.Casino closes in on its hard cap goal of $5 million the rate of fundraising is accelerating all the time, so there really is no time to lose to lock in the lowest prices and avoid disappointment if the presale closes early.
Whale buyers are turning up in force to make sure they get a piece of the action. On December 7 one whale purchased 14 ETH worth of $TGC, which at the time was valued at $31k:
Unlike many presales, TG.Casino already has a product in the market that is attracting users and generating revenue. If you are among the growing band of gamers already using TG.Casino, then you can benefit from the new referral program in which 10% commission can be earned on all invited players:
And if that is not enough enticement to get involved in the casino, live events and sportsbook platform, there is also an airdrop, which the team announced on November 10 of 16% of the total token supply, taking place in four stages. Full details are available on Telegram.
TG.Casino is safe and secure – licensed, audited, and KYC‘d
TG.Casino is one of the few Telegram casinos that can boast a Curaçao gambling license, making it a safe bet for investors and players alike.
The project is also verified by Assure DeFi and was issued with its KYC certificate in November. The KYC certificate means the team member managing the verification application has passed rigorous and multiple ID checks – a far more robust process than checking ID details on professional social networks like LinkedIn.
In addition, security firm Coinsult has conducted an audit of the project‘s smart contract and no major issues were flagged.
Crypto media is lining up for the next big thing in GameFi
Leading crypto experts and analysts are cheering for TG.Casino as the next big thing in GameFi, presumably because they see the attractiveness of its many unique selling points.
TG.Casino‘s buyback and staking rewards eclipse Rollbit
The TG.Casino platform has a unique buyback program that allows $TGC token holders to effectively share in the profits made by the platform.
A percentage of daily profits will be used to fund a buyback mechanism in which 40% of the allotted funds get burned and 60% to community rewards. The burn program is price-supportive because it increases the scarcity, and therefore the value, of the remaining $TGC tokens.
Meanwhile, those who choose to buy and stake today can earn 158% annual percentage yield (APY). Nearly 76% of all purchased $TGC has now been staked and rewards of nearly 5 million $TGC has been paid out. 20.2 million $TGC tokens have been staked. Total rewards paid out amounts to 5,764,906 $TGC at the time of writing.
The APY is set dynamically, depending on how much is deposited into the staking contract and the proportion held in each wallet.
Rollbit ($RLB) hit its all-time high price on November 14 of $0.2957 but has since fallen to $0.1948. However, in line with other altcoins it has been pumping of late, up 19% in the past 24 hours.
Rollbit coin is up more than 20,000% since July last year according to Coinmarketcap data, so imagine how high TG.Casino‘s price could go, given its many advantages over $RLB.
Rollbit‘s continuing success is indicative of the value being created in the crypto gaming sector. Blockchain technology is perfectly suited to provide the transparency and security required to assure trust ino online gambling products.
Although Rollbit does offer reduced fees for $RLB holders, and if token holders stake $RLB they are rewarded with entry into its lotteries, there is no passive income stream like TG.Casino‘s.
Also, Rollbit has no high-roller rewards, providing TG.Casino with yet another competitive edge.
Presale high-roller rewards are enticing:
If you buy $5,000 or more $TGC tokens in the presale you will receive these major NFT rewards:
50% staked tokens bonus from buybacks
10% casino credits 5x wagering
5% rakeback on house edge every week (double for $TGC)
Seasonal rewards
Commemorative limited edition NFT
The staked token bonus multiplies the staking rewards from token buybacks, which start when the token launches. Reward distributions begin when $TGC is launched.
There are two more high-roller reward tiers for players wagering $100,000 or more (Gold) or $250,000 or more (Diamond).
200% rakeback and 25% net cash-back for bets placed with $TGC – price could pump 100x
Helping to fuel user growth has been the 200% rakeback bonus of up to 10 ETH. Players are able to place bets across the TG Casino bot using top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoinTether (USDT).
However, players betting using the $TGC token become eligible for a 25% cashback on net losses.
Net cashback on losses and the 200% rakeback bonus incentivizes buy pressure for $TGC while offering a chance to balance high-risk wagers with a layer of protection.
Keeping you in the game for longer, cryptogambling enthusiasts are now flocking to the TG Casino platform to make the most of their gambling balance.
Stay in touch with TG.Casino on its Telegram channel and X accounts so you never miss the latest presale news and product developments.
YouTuber Crypto V.O. has told than 300,000 subscribers, thinks TG.Casino will be ‘the next 100x presale gem‘. With 16,000 having watched his video there are likely many more who now agree with him:
With revenues already exploding, TG.Casino is one of the best altcoin opportunities for life-changing returns on investment from a relatively modest outlay, but FOMO is building so there‘s no time to lose.
TOKYO, Dec. 15, 2023 — BLOCKSMITH&Co. (Head office: Minato-ku, Tokyo; CEO: Tetsuya Sanada; hereinafter “BLOCKSMITH”) is pleased to announce that it has raised funds from MZ Web3 Fund, SAKURA UNITED PLATFORM and others through the issue of SAFE-type share options as part of an Angel Round (2nd close and ongoing).
Background
Partners Companies: Comments from MZ Web3 fund General Partner, Mr.Yuki Kaneyama
’BLOCKSMITH including its founder Mr.Sanada, has ample knowledge and experience in social games and is familiar with the gaming market. Their QAQA game is designed to be a sustainable tokenomics game by taking advantage of the learnings from the previous Web3 games, which were based on the excessive price increase of tokens.’
Until now, the parent company KLab Inc. and its founder and president, Tetsuya Sanada, have owned 100% of the company’s capital, but this angel round marks the first time that capital has come from outside the company. BLOCKSMITH aims to list its shares, which is unusual for a web3-related company, and the funding is part of the company’s efforts to strengthen its capital structure and finances in preparation for a listing.
Funds raised are used for product development, research and development, etc.
BLOCKSMITH has a proven track record of blockchain-related development and operations, including the provision of CAPTAIN TSUBASA -RIVALS- to Thirdverse Group (now Mint Town Co., Ltd) in January 2023. In addition to the development of blockchain games, the company is also focusing on the development of related technologies, including the establishment of AI Lab in April 2023 and the announcement of a business partnership on the Facial Recognition Web3 Wallet in September 2023.
(Reference) Companies participating in 1st close SBI Group, Headline Asia, Governance Partner, J-CAM Corporation, And others
Company Name: BLOCKSMITH&Co. President and CEO: Tetsuya Sanada Establishment: April 1, 2022 Capital: 14,999,950 JPY Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, 106-6122 Business: Development and distribution of products such as blockchain technology and crypto assets utilising NFTs URL：https://www.blocksmithand.co.jp/en/
The new capital will be used to support bringing Tetra’s clean energy solution into New York and California
NEW YORK, Dec. 14, 2023 — Tetra, a rapidly growing home services company helping homeowners transition from fossil fuels to clean energy, announced that it raised a $10.5 million seed funding round led by Greycroft, Gutter Capital, Lerer Hippeau and 1sharpe Capital. The funds will be used to expand Tetra’s offering into new markets including New York and California, and to continue investment into developing its proprietary technology designed to make it easier and more affordable for homeowners to lower their carbon footprint.
Rising energy costs and weather extremes are driving increasing demand for more efficient home energy solutions. Federal and state governments are further catalyzing demand for clean energy technologies by providing rebates and credits to encourage households to install home upgrades that increase energy efficiency and manufacturers are responding with new, more efficient devices. However, the rush of new technologies and newly available government incentives are leaving homeowners confused, while home improvement contractors are left ill equipped to help guide homeowners through the changing landscape. Tetra is on a mission to make it simple for homeowners to navigate the complex process of transitioning to more cost-efficient home heating and cooling solutions.
Tetra has developed the technology that allows homeowners to enter their address, get an instant price, and see what state and federal incentives are available to them. Tetra’s end-to-end platform then matches customers with a qualified and vetted local contractor and creates efficiency along each step of the process. By redesigning and modernizing the home heating and cooling buying process, Tetra creates cost savings of up to 30% compared to the average contractor and passes the savings to the homeowner.
“Millions of homeowners are interested in making improvements to their home heating and cooling but feel overwhelmed by the process,” said Max Veggeberg, CEO and Founder at Tetra. “We are making the right choice, an easy choice, by leveraging our proprietary technology, installer network, and newly available government incentives to help guide thousands of American households who are eager to do their part in reducing their carbon footprint.”
Prior to founding Tetra, Veggeberg was the founder and CEO of HomeWorks Energy, which he grew to over $100M in revenue. Under his leadership, HomeWorks became the largest driver of consumer adoption of home energy efficiency initiatives in Massachusetts through Mass Save. The new federal Inflation Reduction Act has been modeled closely to the Mass Save program, allocating billions of dollars in incentives to help homeowners make the switch to high-efficiency systems.
“Consumers want an affordable, environmentally friendly choice when replacing their heating and cooling system. The challenge has been navigating the myriad of technology options and government incentives. Tetra makes this task simple by automatically showing the best option and providing a seamless buying and installation process,” said John Elton, Partner at Greycroft. “Veggeberg and the Tetra team have made a very difficult task look simple. This can only be accomplished with a deep understanding of the market coupled with a dedicated team trying to solve it. We are excited about the future of Tetra given this positioning.” As part of the investment, Elton will join Tetra’s Board of Directors.
The team will continue to invest in simplifying the consumer transaction experience while also improving administrative burdens on installers by automating end-to-end workflows from sales, to inventory management, system design, and installation. “This funding positions Tetra at the forefront of a shift in heating and cooling among consumers looking to save energy and reduce their climate impact,” said Isabelle Phelps, Partner at Lerer Hippeau, who has also joined Tetra’s board.
“Every American household must participate if we are going to have a clean energy revolution in this country, at all levels of income and sophistication,” said Dan Teran, co-founder of Gutter Capital and Tetra Board member. “We are excited to continue supporting Max and his exceptional team to build a business this country desperately needs. By providing a high efficiency, low cost solution with an amazing customer experience the Tetra team has an opportunity to accelerate the clean energy transformation in America.”
About Tetra: Tetra is leading the clean energy transformation by empowering homeowners to switch from fossil fuel heating and cooling systems to high-efficiency heat pumps. Tetra provides the top environmental options to homeowners, improves their experience, and coordinates the installation of home improvement projects. In doing so, Tetra is superpowering contractors by automating administrative tasks and allowing them to deliver installation excellence and customer happiness.
NORWALK, Conn., Dec. 14, 2023 — Heartwood Partners® is pleased to announce that Heartwood Partners IV, LP completed a majority investment in Bush Brothers Provision Co. (“Bush Brothers” or the “Company”) on July 7, 2023.
Bush Brothers is a fifth-generation family-owned business and the owners retained a meaningful investment in the Company. “We are tremendously excited about our partnership with Heartwood Partners and look forward to working together on our next chapter of growth. We feel that their unique focus on establishing a strong balance sheet and their experience scaling businesses will enable us to substantially accelerate our growth plans. It is clear that Heartwood understands what makes Bush Brothers unique in our industry and supports our commitment to unrelenting service for customers and the preservation of our family business culture,” stated Curtis Bush, President and fifth-generation owner.
The Company is headquartered in West Palm Beach, FL and provides premium protein products to a customer base of fine-dining restaurants, hotels, country clubs, mega yachts, and private chefs in Florida and the Caribbean. As a USDA-Inspected processing facility, Bush Brothers is able to source the highest quality protein products, and then process, portion, trim, and package that product to meet each customer’s exacting specifications with an unmatched level of craftsmanship and service. Please visit the Bush Brothers website at www.bush-brothers.com to learn more about this Company’s family roots and product offering.
“Bush Brothers has leveraged almost 100 years of experience in the protein industry to become the distribution partner of choice for some of the most demanding fine-dining customers in Florida and the Caribbean,” said Ed Tan, Partner, Heartwood Partners. “We are eager to invest in the Company’s future growth by partnering with management to rapidly increase production capacity so that Bush Brothers can offer more products to their existing customers and to present the Company’s highly successful business model to more customers throughout Florida and beyond.”
Heartwood Partners (www.heartwoodpartners.com), located in Norwalk, Connecticut, is a middle market private equity firm founded in 1982. Heartwood is differentiated by a unique lower-leverage, distribution-yielding approach to private equity, which is designed to create equity partnerships with continuing management. Our approach combines this conservative capital structure investment focus with strategic execution to support long-term growth, including organic and acquisition-driven expansion into new products, services, and end markets. We currently manage over $1.7 billion in investments and commitments and our principals have invested in more than 100 platform and add-on acquisitions. Presently, Heartwood is investing from Heartwood Partners Fund IV, LP which closed in September 2023 and is focused on family and management-owned companies operating in a variety of end-markets including industrial manufacturing, specialty chemicals, packaging, food and agriculture, distribution, and industrial and environmental services.
Bush Brothers Provision Company (www.bush-brothers.com) is a fifth generation, family-owned meat packing and distribution company, located in West Palm Beach, FL since 1925. The Company offers regular delivery throughout Florida, as well as export service to the Caribbean and Central and South America. Bush Brothers focuses on high-end, center-of-the-plate offerings across several protein categories, including beef, poultry, lamb, pork, and wild game. From its founding, Bush Brothers has worked tirelessly to build and maintain a reputation for excellent quality and superb service. The Company is proud to count among its customers some of the country’s most luxurious hotels, exclusive country clubs, finest restaurants, and discerning private chefs.
