Our Team

Renova's principals and senior staff are widely considered some of the most expert in the brownfields arena with references in the Fortune 200, real estate development and state and federal regulatory communities. The team is comprised of individuals with a range of skills that have been applied to projects since the beginning of the brownfield movement. Members of the Renova team have worked as real estate developers, lawyers, investment bankers, insurance executives and operating managers while concentrating on resource recovery and redevelopment issues. Among the professionals supporting Renova are also urban designers, land use planners and environmental experts having both technical and regulatory expertise. Over the last twenty years, the individuals on the executive team have acquired, remediated and redeveloped over 20 contaminated properties as well as other more conventional developments.


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Norman ("Pete") A. Pedersen, III

Managing Principal

Pete Pedersen is Managing Principal and founder of Renova Partners. He has over thirty-five years of experience in law, corporate finance, and business with special expertise in corporate control transactions and transactions involving environmentally impaired properties.

Mr. Pedersen founded Renova Partners with a partner from the Bay Area in 2001. The operations of Renova Partners were consolidated in Boston in 2008, though the organization continues to function on brownfields properties nationwide. In 2009, Mr. Pedersen co-founded Brightfields Development, a company separate from Renova that develops solar arrays, often on brownfields.  Before helping to establish Renova Partners and then Brightfields Development, Mr. Pedersen was a corporate attorney and Vice President for Corporate Development at Thermo Electron Corporation and a Principal at EnCapital, Inc. While at Thermo, he managed acquisition campaigns, venture capital investments, and initial public offerings. He also conceived, founded and managed Thermo's consulting practice for facilitating the redevelopment of contaminated properties and the mitigation of contingent environmental liabilities. At EnCapital, Mr. Pedersen originated and managed merger and acquisition and private placement engagements. Early in his career, Mr. Pedersen worked in corporate finance at Lehman Brothers Kuhn Loeb in New York and as an attorney at Nagashima & Ohno in Tokyo and Hale and Dorr in Boston.

Mr. Pedersen is a regular speaker on redevelopment issues at various academic institutions as well as at several trade and professional forums. Mr. Pedersen graduated from Amherst College, magna cum laude, and the University of Chicago Law School.