About Pinnacle Renewable Energy
Pinnacle Renewable Energy is an Energy & Utilities company based in Prince George (Canada) founded in 1989, and was acquired by Drax in February 2021. Wood pellets are produced for commercial heating applications. Its focus areas include Energy, Bioenergy, Biofuels and Feedstock.
Company details
Pinnacle Renewable Energy was established in 1989 in the renewable energy sector, focusing on wood pellet manufacturing. Industrial fuel pellets, residential heating fuels, natural sorbents, and animal bedding products are produced at seven plants across British Columbia, Canada, with annual output exceeding 1.5 million tonnes. The company, formerly known as Pinnacle Pellet, was acquired by ONCAPa division of Onex Corporationin May 2011 for C71 million.
- Headquarters Prince George, Canada
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website pinnaclepellet.com
- Social LinkedIn
- Acquired by Drax (Feb 2021)
- Latest Funding Round$530M (USD), Debt – Conventional
Jun 2019
- InvestorsCanadian Imperial Bank of Commerce
& 5 more
- Acquired byDrax
(Feb 2021)
Funding Insights of Pinnacle Renewable Energy
- Total Rounds 1
- Last Round Debt – Conventional — $530M
- First Round $530M
(Jun 2019)
- Investors Count 5
All 1 funding rounds of Pinnacle Renewable Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $530M | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in Pinnacle Renewable Energy
Pinnacle Renewable Energy has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Scotiabank and Bank of America.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided internationally by Scotiabank. | 1832 | scotiabank.com | Toronto, Canada | |
Commercial banking services are provided to individuals and businesses. | 1867 | cibc.com | Toronto, Canada | |
Commercial banking services are provided to businesses and individuals. | 1864 | rbcroyalbank.com | Halifax, Canada | |
BMO is recognized as a leading financial services provider in Canada. | 1817 | bmo.com | Toronto, Canada | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Renewable energy solutions are provided by Drax for decarbonization. | 2005 | drax.com | Selby, United Kingdom |
Investor details for Pinnacle Renewable Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Pinnacle Renewable Energy
4 dated milestones of Pinnacle Renewable Energy across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Pinnacle Renewable Energy is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $530.0M.
- Exit Acquired by Drax.
Web traffic of Pinnacle Renewable Energy
Websites that share an audience with Pinnacle Renewable Energy (pinnaclepellet.com).
Websites whose visitors overlap most with Pinnacle Renewable Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| indeckenergy.com | 100% | 680.7K | View details | ||
| glrepellets.com | 29% | View details | |||
curranpellets.com | curranpellets.com | 28% | #11,849,855 | – | |
corinthwoodpellets.com | corinthwoodpellets.com | 28% | – | ||
bigheatfuelpellets.com | bigheatfuelpellets.com | 27% | – |
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Frequently Asked Questions about Pinnacle Renewable Energy
Pinnacle Renewable Energy was founded in 1989 and raised its 1st funding round 30 years after it was founded.
Pinnacle Renewable Energy is headquartered in Prince George, Canada. It is registered at Prince George, British Columbia, Canada.
Pinnacle Renewable Energy was established in 1989 in the renewable energy sector, focusing on wood pellet manufacturing. Industrial fuel pellets, residential heating fuels, natural sorbents, and animal bedding products are produced at seven plants across British Columbia, Canada, with annual output exceeding 1.5 million tonnes. The company, formerly known as Pinnacle Pellet, was acquired by ONCAPa division of Onex Corporationin May 2011 for C71 million.
Pinnacle Renewable Energy has 6 investors. Key investors include Canadian Imperial Bank of Commerce, Scotiabank, Bank of America, BMO, and Drax.
Yes. Pinnacle Renewable Energy was acquired by Drax in February 2021.