Gershman, Brickner & Bratton Inc. (GBB), Fairfax, Virginia, and Stern Brothers & Co., announced that they will enter into an agreement for waste-to-energy (WTE), infrastructure and alternative energy sector projects. Sterns Brothers has offices in Atlanta, Chicago, Cleveland, Denver, Houston, Kansas City, Missouri, Los Angeles, New York, New Jersey, Oregon, St. Louis and Tampa. Under the advisory relationship agreement, GBB will support Stern Brothers’ execution of specific transactions by providing strategic industry consulting, industry research, project due diligence, financial analysis and other functions related to the development of energy and infrastructure projects.
GBB is an award-winning national solid waste management consulting firm that helps public and private entities do better things with waste. GBB specializes in solid waste collection, processing, recycling, resource recovery, and disposal issues and assists in planning, procuring, and implementing sound, cost-effective facilities and services.
Stern Brothers is an independent, certified woman-owned business enterprise (WBE) investment bank with a sole focus on public and infrastructure finance. The company’s energy and infrastructure finance group specializes in using tax-exempt and taxable bonds to optimize the debt structure and equity returns of developers seeking nonrecourse project financing for energy and alternative energy projects. Stern also acts as a financial advisor to companies seeking corporate and project equity, and joint venture partners.
"This is a natural joint venture that will create valuable synergies as both firms have extensive complementary experience and fields of expertise," states John May, managing director at Stern Brothers and co-head of the firm's renewable energy practice, which he founded in 2003. "We look forward to join forces with the GBB team on renewable energy financing projects, providing clients with resources, knowledge and expertise that are second to none."
"GBB's combination of energy and solid waste management experience enables us to evaluate technologies and operations, including the potential to use alternative fuels and provide recommendations that take into account technical, legal, and economic issues," said GBB president and co-founder Harvey Gershman. "Joining forces with Stern, one of the top renewable energy bankers in the country, further advances and enhances the range of services that we both offer to renewable energy industry players."
