Pacific Equity to acquire a 50% stake in LMS Energy for $173m.

Pacific Equity, a private equity investment firm, agreed to acquire a 50% stake in LMS Energy, a landfill gas operator, for $173m. LMS Energy is the country’s largest landfill gas operator, with 36 biogas-to-energy facilities, 26 biogas flaring facilities and six solar projects. It focuses on emission reduction through the capture and abatement of methane, and reducing the impact of waste and fossil fuels in the environment.