Arcline Invests in PDC Machines, Inc.

03.24.2021 | Press Release

Arcline Invests in PDC Machines, Inc.

WARMINSTER, Pa., March 24, 2021 — Arcline Investment Management (“Arcline”), a growth-oriented private equity firm with $4.3 billion of cumulative capital commitments, today announced an investment in PDC Machines, Inc. (“PDC” or “the Company”) in partnership with the founding Afzal family.

PDC is the leading manufacturer of specialty gas compression systems used in all stages of the hydrogen energy supply chain, including hydrogen production, transportation, storage, and refueling. The Company is the #1 supplier of proprietary hydrogen compressors used in hydrogen energy applications worldwide and offers an integrated, small-scale hydrogen refueling station, SimpleFuel. PDC’s team of expert engineering, manufacturing, and testing specialists works closely with the global industry leaders in hydrogen energy to help solve the challenge of climate change through the adoption of clean, hydrogen energy.

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.”

Kareem Afzal, CEO of PDC, added, “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.”

Simmons Energy, A Division of Piper Sandler, served as exclusive financial advisor to Arcline in the transaction.

General Inquiries

Anna McNabb

contact@arcline.com

1.415.801.4570

PRESS INQUIRIES ONLY

Julie Oakes

Arcline-JF@joelefrank.com

1.212.355.4449

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