CORE Industrial Partners Announces New Platform Investment in Edwards Moving & Rigging
Founded in 1961, Edwards provides heavy hauling and rigging services to a variety of end markets, specializing in superheavy and oversized loads. The Company offers turnkey project management and engineering solutions, among other services, to multiple value-chain participants including OEMs, freight forwarders, and utility providers and manufacturers. Headquartered in Shelbyville, Kentucky, Edwards operates from five facilities in Kentucky, South Carolina, Florida, Ohio, and Illinois.
Mark Edwards, Chairman of Edwards Moving and Rigging, said, 'For more than 60 years, we have built a track record of safety and excellence in project execution for our customers. Our team has done a tremendous job building Edwards into a unique player in the market and we look forward to partnering with CORE for the next chapter of the business.'
John May, Managing Partner at CORE, said, 'We are thrilled to partner with Mark and the entire Edwards team to continue building on the Company's legacy while supporting its future growth. The investment in Edwards illustrates CORE's deep experience investing in industrial companies where we can leverage our extensive operating experience to execute against a diverse set of value creation initiatives and strategic growth avenues. The combination of Edwards' deep customer relationships, equipment and service capabilities, and track record of project execution were compelling factors in our decision to partner with the Company.'
Jason Fulton, Partner at CORE, said, 'Edwards is a niche player in a highly attractive industry and successfully differentiates itself through strong customer relationships, turnkey project management, and demonstrated safety and execution capabilities. Mark and team have extensive industry experience and will serve as great partners. We are pleased to add Edwards to our industrial services portfolio and will look to expand its value proposition and market reach through both strategic initiatives and complementary acquisitions.'
Winston & Strawn LLP provided legal representation to CORE in the transaction.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a private equity firm with over $1.58 billion of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses with offices in Chicago, Austin and Cleveland. CORE's team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
Founded in 1961, Edwards provides heavy hauling and rigging services to the power generation, manufacturing, infrastructure / construction, and other end markets. The Company offers super heavy transport, multimodal transport, heavy and specialized rigging, and turnkey project management services to OEMs, utility providers, and end users. For more information, visit www.edwardsmoving.com.
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VANCOUVER, British Columbia--(BUSINESS WIRE)-- EverGen Infrastructure Corp. ('EverGen' or the 'Company') (TSXV: EVGN) (OTCQB: EVGIF), today reported financial results as at and for Q2 2025. All amounts are in Canadian dollars unless otherwise stated and have been prepared in accordance with IFRS. Strategic & Financing Updates $5 Million Private Placement: In May 2025, EverGen completed a $5 million non-brokered private placement of common shares with Ask America, LLC strengthening the Company's balance sheet. Debt Refinancing: The Company progressed refinancing of its Fraser Valley Biogas facility, with a signed letter of intent for a $13 million debt facility and $250,000 operating line of credit in February. EverGen expects to complete this refinancing in Q3 2025, with terms that are better aligned with the Company's current operations and strategic focus. Additional Equity Financing: Commitments and indications received for up to $2 million of additional proceeds pursuant to a second tranche of the private placement of common shares at a price of $0.60 per share. The Company has extended this tranche to close alongside the debt refinancing, anticipated in Q3 2025. In all other respects, the terms of the private placement and use of proceeds will remain as previously disclosed in the April 23, 2025, press release. The completion of the private placement is subject to customary closing conditions, including the approval of the TSX Venture Exchange (the "Exchange"). Operational Updates RNG Production Growth: RNG production increased 17% year-over-year setting a new quarterly record. In March and April 2025, FVB achieved over 12,000 gigajoules ('GJs') of monthly production and is now approaching a run-rate equal to the annual nameplate capacity of the facility of 160,000 GJ. Optimization Initiatives: With planned changes to senior leadership team complete, the Company initiated optimization activities across core facilities during Q2 2025. While these activities temporarily reduce incoming organic waste volumes and revenues, they are expected to unlock sustainable cash flow, future growth and underpin EverGen's position as a long-term RNG leader. Financial Results: Management Commentary 'Q2 2025 was a transformational quarter for EverGen as we successfully recapitalized the business, aligned our leadership with a supportive lead investor, and continued to deliver record RNG production,' said Chase Edgelow, CEO of EverGen. 'We're tracking well against our 100-day plan for the business, and while optimization activities will continue to impact near term revenues, these initiatives are critical to positioning EverGen for scalable growth in 2026 and beyond, reinforcing our long-term vision as Canada's leading RNG infrastructure platform.' Outlook With a stronger balance sheet, growing RNG output, and optimization initiatives underway, EverGen is positioned to deliver sustainable growth, enhance shareholder value, and advance its leadership in Canada's RNG sector. The Company expects to complete its refinancing and additional equity raise in Q3 2025, further strengthening its financial foundation. For further information on the results please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at and on EverGen's website at EverGen will hold a results and corporate update conference call at 11:00 a.m. Eastern Time on Friday, August 22, 2025, hosted by Chief Executive Officer, Chase Edgelow. Find the latest Corporate Presentation in the Investor Center: Market Maker Further, to support liquidity and trading of the Company's shares, EverGen has engaged Independent Trading Group ('ITG'), Inc. to assist in maintaining active and orderly trading in the market for the common shares of the Company on the TSX Venture Exchange (the "TSX-V"). The market-making service will be undertaken by ITG in compliance with the applicable policies of the TSX-V and other applicable laws. For its services, the Company has agreed to pay ITG a service fee of $6,000 with option to renew monthly. The Company and ITG act at arm's length. ITG, nor any of its principals, currently own any securities, directly or indirectly, of the Company. The engagement of ITG is subject to the Company making certain filings with the Exchange and acceptance by the Exchange. About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Non-GAAP Measures EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. 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