Announced
Financials
Tags
United States
waste management
anaerobic digestion
Environmental / Waste Management
Acquisition
Domestic
Majority
Private Equity
Private
Pending
Friendly
Single Bidder
Synopsis
Ares Management, an investment firm, agreed to acquire Dynamic Renewables, a full-service developer, owner and operator of waste management and anaerobic digestion renewable fuel projects. In addition, NorthWestern Energy acquired a small minority stake in the company. Financial terms were not disclosed. "We are thrilled to partner with Dynamic, and our investment is aligned with Ares’ commitment to accelerate the transition to a lower-carbon economy through the Company’s innovative waste management and anaerobic digestion capabilities. Dynamic has a demonstrated track record of leadership in the rapidly growing renewable fuels sector, and we look forward to working together to build out its pipeline while supporting local communities in delivering more sustainable waste management practices," Andy Pike, Ares Infrastructure Opportunities Partner and Co-Head.
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