General – Investment
The shareholders of LiftWerx have decided to team up with a new partner to accelerate the growth of LiftWerx North America.
![](https://ocean-energyresources.com/wp-content/uploads/2024/06/liftwerx.jpeg)
One of the shareholders of LiftWerx is MeeMaken, based in Utrecht, the Netherlands
The new partner is TowerBrook, an investment management firm headquartered in New York and London, that invests in services that are enabling the energy transition.
TowerBrook has a majority equity investment in LiftWerx.
Founded in 2016, LiftWerx is a founder- and management-owned independent service provider of turnkey, mission-critical operations and maintenance (O&M) services to the onshore wind industry in North America.
The Company specializes in the replacement of major components of wind turbines, such as gearboxes, main bearings and generators. LiftWerx has developed proprietary uptower crane technology used for servicing turbines, which sits on the top of the turbine itself, is safer and more economical to operate, and has significantly less negative impact on the environment compared to traditional ground-based cranes.
LiftWerx is the third investment for TowerBrook Delta, the firm’s dedicated impact strategy launched in 2023. In line with the firm’s longstanding TowerBrook Responsible Ownership principles, TowerBrook Delta invests in businesses designed to generate a specific and measurable social or environmental impact, and to directly contribute to advancing the UN Sustainable Development Goals, while seeking to deliver market returns.
Roderik van Seumeren, Managing Partner MeeMaken: “We believe that TowerBrook is the right partner to contribute to the further growth of the LiftWerx activities in the onshore wind industry. This strategic move will provide financial strength to continue to invest in companies that can make a positive impact on the ESG goals.”