Suburban Propane Partners to acquire renewable natural gas assets of Equilibrium Capital for $190m.

Suburban Propane Partners, a nationwide distributor of propane and other energy products to local communities, agreed to acquire renewable natural gas assets of Equilibrium Capital, a sustainability-driven asset management firm, for $190m. "This investment meaningfully advances our strategic goal of building out a renewable energy platform to help drive the energy transition to a low carbon economy. We are excited to be partnering with the Equilibrium team, which has a proven track record of sourcing, developing and managing high quality renewable natural gas producing assets. We look forward to building upon and advancing this opportunity as we seek to leverage Equilibrium's seasoned management team with a well-established network of operators, engineering and construction providers and off-takers, and a strong commitment to sustainable investments. The scalable platform complements our existing portfolio of renewable energy assets, either as a stand-alone RNG distributor, or as a pathway to rDME and hydrogen production," Michael Stivala, Suburban Propane President and CEO.