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 is a leading supplier of proprietary hydrogen compressors used in hydrogen energy applications worldwide and offers an integrated, small-scale hydrogen refuelling station, SimpleFuel.
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 $4.3 billion in cumulative capital commitments.
Arcline commented, “Energy transition is one of our most important investment themes and PDC, alongside their industry partners, are key enablers of the rapidly expanding adoption of hydrogen energy. We couldn’t be more excited to partner with the Afzal family to support PDC’s transformational growth and the continued adoption of hydrogen energy broadly.”
PDC founder Sy Afzal, “Arcline’s history of successful investments across various fields – proves that they will be an invaluable partner as we collectively work to enable sustainable future with hydrogen as a centerpiece.”