We are very excited to welcome Marty Crotty on board. Marty has built a strong reputation in the wind industry and will help us continue to grow UpWind with a continued focus on quality work and the interests of our customers.”
Medford, Oregon (PRWEB) March 20, 2010
UpWind Solutions Inc. (“UpWind” or the “Company”), the Medford, Oregon-based wind asset management services firm, announced today that Martin C. (“Marty”) Crotty has joined the company as Chief Executive Officer. Crotty joins UpWind from AES Wind, the wind generation subsidiary of AES Corporation, where he was company President. UpWind’s founder Bo Thisted, will become President of UpWind, will remain responsible for UpWind’s field service operations. Thisted will also continue to serve as a member of UpWind’s Board of Directors. Thisted stated, “We are very excited to welcome Marty Crotty on board. Marty has built a strong reputation in the wind industry and will help us continue to grow UpWind with a continued focus on quality work and the interests of our customers.”
When asked why he decided to make the move to UpWind, Crotty stated, “UpWind has built a reputation for high quality service, safety and operating performance. I feel fortunate to join and lead a team of very well-trained managers and technicians that take pride in their work and that always have the customers’ interests in mind. The $29M financing recently provided by Kleiner Perkins Caufield & Byers (“KPCB”) and MissionPoint Capital Partners (“MissionPoint”) will help us further accelerate the growth of UpWind and provide a high tech, comprehensive service offering to the market.”
Michael Linse, partner at KPCB stated, “We are excited to have Marty Crotty, one of the most respected leaders in the wind industry, join UpWind as CEO. Marty’s joining UpWind is an endorsement of UpWind’s model of focusing on providing the highest quality service to its customers.”
Mark Lewis, Partner at MissionPoint, a founding shareholder in UpWind, stated, “The addition of Marty Crotty to the outstanding team already in place, together with our recently completed growth financing, allows UpWind to grow even more aggressively to meet the current and evolving needs of our customers.”
About UpWind Solutions
UpWind Solutions is the industry’s leading 3rd party providers of asset management and operations and maintenance services to the wind industry. UpWind was founded in 2007 by Bo Thisted and a team of highly experienced wind industry veterans around the vision of providing best in class services to the growing fleet of North American wind turbines. UpWind is based in Medford, Oregon and works for customers throughout North America. For additional information visit: http://www.upwindsolutions.com
About Kleiner Perkins Caufield & Byers
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in over 600 ventures, including AOL, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, Verisign and Xilinx. KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. The firm has offices in Menlo Park, California; Beijing, China; and Shanghai, China. For additional information visit http://www.kpcb.com.
About MissionPoint Capital Partners
MissionPoint Capital Partners is a leading international private investment firm focused on financing the global transition to a low-carbon economy. MissionPoint provides growth capital to energy, industrial and financial services companies that enable cleaner, more environmentally-friendly energy, transportation and industrial infrastructure. MissionPoint's portfolio of companies are focused on transforming the way business is conducted in the face of a rising demand for cleaner, more efficient generation and use of energy across all sectors of the global economy. For more information please visit http://www.missionpointcapital.com.
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