Eaton Peabody represented Brewer-based Nyle Water Heating Systems in its $6 million Series A round. The round was led by Aligned Climate Capital, a New York-based investment firm that invests in the people, companies, and infrastructure decarbonizing the global economy.
Nyle Systems is a growing, innovative company that develops, manufactures, and sells heat pump-driven, energy-saving products. Specifically, building industrial equipment for Lumber Drying, Food Dehydration, and Heat Pump Water Heating. Currently employing approximately 120 people in Brewer, Maine, the expansion will add 200 new jobs in the coming years.
Learn more about Nyle Water Heating Systems by visiting their website www.nyle.com/water-heating-systems.
About Eaton Peabody
Eaton Peabody provides practical and cost-efficient guidance to startup and emerging companies and the investors that fund them. For more information, visit Eaton Peabody’s Startup and Emerging Companies webpage.