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New Deal


Announced

Completed

HIG Capital completed the acquisition of a majority stake in Northern Biogas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Energy / Utility Services

Private

Domestic

Private Equity

Single Bidder

electric utility

Friendly

renewable natural gas

United States

Majority

Completed

Acquisition

Synopsis

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HIG Capital, a private equity and alternative assets investment firm, completed the acquisition of a majority stake in Northern Biogas, a full service renewable natural gas producer, designer, constructor, and service provider. Financial terms were not disclosed. “We appreciate HIG’s confidence in our business plan and are excited to partner with HIG as we continue to execute on our development pipeline of dairy, landfill, and food waste RNG projects. We are solidly positioned to provide rapid, best-in-class service to our customers and partners, given our unique combination of development experience, in-house technical knowledge, and full scale, proven construction and operation expertise, all of which are now supported by HIG, an outstanding financial partner,” Chris Akers, Northern Biogas CEO.

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