Meet 98six

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98six Redevelopment Partners is America’s first fully dedicated demolition, reclamation, and sustainable infrastructure redevelopment company. With a niche focus on repurposing abandoned brownfield sites, 98six aims to transform decommissioned coal plants into core industrial, data, and clean energy centers that support local economies.

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In the pursuit of changing the status quo, there’s always hurdles to face. The company encountered several challenges to their growth:

• They had a compelling vision but lacked financial and strategic clarity.
• They needed guidance on structuring their capital raise and financial operations.
• The real estate and infrastructure space evolves rapidly, requiring deep expertise in energy transition.
• Balancing capital needs at both the company level and project level was complex

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Enter PhiCap: A Partner in 98six’s Growth

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We first met the 98six team through a colleague’s referral. They recognized that our expertise in finance, capital formation, and strategic execution could bring structure to the ambitious redevelopment effort.

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After a year of refining their strategy and securing seed funding, 98six brought us on to help them reach the next stage in their evolution. Here’s how we moved the needle.

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Financial & Strategic Foundations

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CFO & Co-Executive Leadership: PhiCap plugged in as leaders to establish financial and operational discipline.

Finance & Accounting Infrastructure: We developed the fundamental processes necessary to support growth and attract investors.

Financial Modeling & Capital Planning: To support both TopCo and project-level investments, we developed financial models and capital raise strategies.

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Capital Structuring & Fundraising

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Infrastructure & Real Estate Investment Strategy: We developed a capital structure that balances long-term real estate ownership with short-term infrastructure development needs.

Aggressive Capital Raising Strategy: We helped position 98six to raise project-specific and corporate-level capital from ideal investor pools.

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A Brighter, Clearer Future for 98six

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With our help, 98six has successfully positioned itself for growth and an eventual public offering. The company is now laying the groundwork for large-scale redevelopment, building a business model that integrates data centers and sustainable energy, and preparing to leverage cash flow from its projects.

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PhiCap’s flexibility and hands-on executional support have been game-changers for 98six, helping them navigate every stage of growth. From building a solid financial foundation to providing big-picture strategy, we’ve helped shape 98six into a leader in sustainable infrastructure redevelopment today and for years to come.