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New Deal


Announced

Republic Services and Archaea Energy to form a $1.1bn joint venture.

Financials

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Transaction Value£891m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Joint Venture

Pending

United States

Acquisition

Friendly

Alternative Fuels

Domestic

renewable natural gas

Majority

Synopsis

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Republic Services, a firm engaged in the environmental services industry, and Archaea Energy, a RNG producer, agreed to form a $1.1bn joint venture to develop 39 RNG projects across the US. "Sustainability is a platform for growth at Republic, and our continued investment in landfill gas-to-energy projects delivers meaningful environmental and economic benefits to our stakeholders. Market demand for renewable natural gas to reduce greenhouse gas emissions is growing significantly, and providing additional sources of RNG furthers Republic's ambitious sustainability goals, while also helping customers and communities meet their own climate action goals," Jon Vander Ark, Republic Services President and CEO.

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