A group of former Wall Street investment bankers has just launched a new banking firm focused on the alternative energy and cleantech sector.

The firm, Greentech Capital Advisors, LLC, provides traditional financial advisory services, including advice on M&A, restructurings, private placements and project finance to companies operating in the cleantech space, including alternative energy, energy efficiency, transmission and distribution infrastructure, sustainable materials and products, waste management, recycling and water efficiency. It is staffed from mainstream Wall Street firms including Goldman Sachs, Citi, UBS and Morgan Stanley.

“For these companies to thrive, and for America to transition to a cleaner and more energy efficient economy, there is a need for a dedicated team of experienced bankers,” said firm founder, Jeffrey McDermott, who was formerly joint global head of UBS investment banking.

“Alternative energy and cleantech companies need bankers with deep industry knowledge, a wide array of product skills, and relationships with large industrial, power and utility companies who are the ultimate customers, strategic partners and consolidators for these companies. Our comprehensive expertise and unique composition of experts will help clients grow and succeed,” he added.

IE