PDC Machines, Inc., in partnership with the founding Afzal family, has secured investment from Arcline Investment Management, a growth-oriented private equity firm.
Warminster, Pennsylvania-based PDC manufactures specialty gas compression systems used in all stages of the hydrogen energy supply chain, including hydrogen production, transportation, storage, and refuelling.
PDC’s SimpleFuel refuelling unit is at the heart of the company, having installed the technology across the globe including throughout the US, including for the Philadelphia Eagles, and in Japan.
Kareem Afzal, CEO of PDC, said, “As a family-owned business, choosing the right partner, not just a partner, to support us through our next stage of growth was of the utmost importance. Arcline shares our core values of humility, collaboration, and a growth mindset, as well as a passion for supporting the future of clean energy, making them an ideal partner for the PDC family. The future couldn’t be brighter for PDC and our partners around the world.”
Launched in 2019, Arcline currently has $4.3bn in cumulative capital commitments.
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