Proficio invested in a roll up strategy in the cold storage warehouse space.   The defensive characteristics, the industry fragmentation, as well as the tax benefits attracted Proficio to the space.   This particular deal was sourced as a co-investment through a major private equity firm.   The company has since grown significantly and is now the 2nd largest cold storage warehouse company in the US.   The company is in the process of obtaining REIT status and may look to go public in the not so distant future.

Proficio has recently partnered with a private London-based dry bulk shipping company to acquire and operate seasoned panamax and supramax vessels. Through prudent management and reasonable levels of leverage, we are able to deliver superior risk-adjusted returns with limited downside for shareholders. The opportunity to invest presented itself ahead of new environmental regulations being implemented at the beginning of 2020 (“IMO20”). Our strategy revolves around retrofitting older vessels with “scrubbers” which awards shipowners willing to put up the capital with generous returns for upgrading their vessels to comply with the new regulation.

Strategically invested in RENEW Energy Partners, an innovative green energy-as-a-service infrastructure and engineering company. RENEW provides a single point of contact for clients, providing end-to-end design, oversight, financing, and management of energy-efficiency retrofits for older buildings.  RENEW funds the up-front investment in energy-saving technologies in exchange for a share of the cost-savings that building owners receive over time from reduced utility bills.  RENEW works with an array of design-build firms, energy-efficiency companies, and other partners to identify sustainability projects to fund and execute.Through local tax incentives and our financing partners, we believe RENEW will be a win-win-win for customers, investors and the environment.

Proficio made direct investments in a unique mineral rights company focused exclusively on the energy-rich Haynesville Shale.  We view Natural gas as a longer-term secular play that will likely be used for the foreseeable future as the bridge toward cleaner energy.  We also view the US as a longer-term supplier world of Natural gas given the demand and the geopolitical spectrum of supply.  Proficio investors own a cash-distributing asset that we have underwritten for a longer-term gain.

Proficio has had the opportunity to partner with LAZ Parking, one of the largest parking garage operators in the country, in investments in several parking garages across the USA.  Specifically, through this partnership, we have made individual investments in parking garages in Boston (Motormart), Minneapolis, Cincinnati, and Nashville.  We like the return profile of parking garages as they generally have high visibility cash that is largely sheltered by depreciation, making the after-tax return quite attractive.

Proficio partnered directly, along with a leading VC partner, in a Capital Raise for an Autonomous Mobile Robot (AMR) technology designed to automate Warehouse logistics by the use of fully automated Forklifts, Tuggers, and pallet trucks.   Through this investment, Proficio Investors get exposure to a new-age technology designed to improve the “pain points” in the new-age economy for warehouse logistics and the US onshoring of manufacturing.

Proficio partnered with a leading Private equity firm, dedicated to resources, in the purchase of the largest Soda Ash/Trona mine in the USA from a large E&P operator.  The purchase was done at an attractive time in the market, mid-2020, and at a very attractive valuation.  Soda Ash/Trona is a leading ingredient in the making of glass, pharmaceuticals, detergent, and solar panels and therefore the demand for this resource far exceeds the supply.   The thesis has already been proven with a most recent secondary sale of this asset to a leading Canadian pension plan.

Proficio has partnered with a leading asset management firm that is dedicated to water rights and solving the inefficiencies that currently exist in the Southwest.  Given the water demands, misuse, and demographics in the Southwest creating meaningful long-term water scarcity, there is a real need to re-appropriate water to where it is needed most.  Due to this need, Proficio’s has funded a partner in its purchase of several pieces of land with Senior water rights as well as a large groundwater aquifer.  The intent is to create an efficient way of moving this water to municipalities that are in high demand for this precious resource.  Over time, our view is this will create stable cash flows for our investors, as well as a really attractive valuation move as the “value” of this resource, grows.