HIG Capital takes controlling stake in US biogas producer
Miami-based alternative equity manager HIG Capital said September 20 it had acquired a controlling interest in West Virginia’s Northern Biogas, which develops renewable natural gas (RNG) facilities at farms and landfills across the US.
Based in Morgantown, Northern Biogas designs, builds, owns and operates anaerobic digester and RNG facilities, including a joint venture RNG facility in Middleton, Wisconsin, with JV partner EnTech Solutions. It has recently received regulatory approval for two more RNG projects at dairy farms, and is actively developing a number of other dairy, landfill and food waste RNG projects.
“We have a strong commitment to facilitating the transition to a clean energy economy, and Northern Biogas is an excellent example of our approach of investing in sustainable, critical infrastructure,” said Ed Pallesen, co-head of HIG Infrastructure. “This investment is a strong addition to our existing portfolio of middle market, value-add infrastructure companies.”