Northern Biogas Acquires Three Dairy RNG Projects with Support from H.I.G. Capital

H.I.G. Infrastructure Acquires Controlling Interest in Northern Biogas

September 20, 2022

Renewable Energy

H.I.G. Capital’s infrastructure arm, H.I.G. Infrastructure, has acquired a controlling interest in Northern Biogas, a Morgantown, West Virginia–based waste-to-renewable natural gas company that develops, builds, owns and operates anaerobic digester and RNG facilities. The investment will support Northern Biogas’ development pipeline of dairy, landfill and food-waste RNG projects across the U.S. as the company scales its construction, operations and service capabilities.

AIMPERA Capital Partners Completes Majority Investment in Novilla RNG

January 12, 2022

Renewable Energy

AIMPERA Fund III, advised by AIMPERA Capital Partners, completed a majority equity investment in Novilla Investment Holdings, LLC (Novilla RNG). The capital will be used to scale Novilla RNG’s development, ownership and operation of dairy-derived renewable natural gas (RNG) production facilities and to execute its U.S. project pipeline.

Ares Management Acquires Dynamic Renewables with Minority Investment from NorthWestern Energy

July 26, 2023

Renewable Energy

A fund managed by Ares Management's Infrastructure Opportunities strategy has acquired Dynamic Renewables, a U.S.-based developer, owner and operator of anaerobic digestion and renewable natural gas (RNG) projects. An unregulated affiliate of NorthWestern Energy also took a small minority stake; the investments will support development, construction and expansion of Dynamic's pipeline and operating assets, including the BC Organics facility in Wisconsin.

Kinder Morgan Acquires North American Natural Resources

August 11, 2022

Energy

Kinder Morgan, Inc. has closed the $135 million acquisition of North American Natural Resources, Inc. and its sister companies North American Biofuels, LLC and North American-Central, LLC, acquiring seven landfill gas-to-power facilities in Michigan and Kentucky. Kinder Morgan will evaluate converting up to four sites to renewable natural gas (RNG) with approximately $175 million of capital spend, expanding its RNG generation capacity and diversifying its renewables portfolio.

Ares Management Acquires Burnham RNG from Edge Natural Resources

December 4, 2023

Renewable Energy

A fund managed by Ares Management's Infrastructure Opportunities strategy has acquired Burnham RNG from Edge Natural Resources. The investment will support Burnham's development and construction of a pipeline of renewable natural gas (RNG) and waste-to-biogas projects across the United States, including the Pasco Resource Recovery Center in Pasco, Washington.

Montauk Renewables Acquires NR3, LLC

May 11, 2021

Energy

Montauk Renewables, Inc. acquired NR3, LLC, a Greensboro, North Carolina-based environmental technology company that converts agricultural waste into renewable fuels and products. Montauk expects the acquisition to expand its agricultural waste-to-energy capabilities and deploy NR3's near-zero-emissions technology across planned swine waste-to-fuel cluster projects in North Carolina.