Northern Biogas acquires three new Dairy RNG projects

Feb. 7, 2023
The facilities are expected to begin commercial service by the first quarter of 2024. The acquisition of the three facilities follows H.I.G. Capital’s investment in Northern Biogas in September 2022

Northern Biogas, a West Virginia-based waste-to-renewable natural gas (RNG) company, is using its newfound funding support to increase its production capacity with the acquisition of three new dairy RNG projects.

According to the company, the acquired dairy RNG facilities are located closely to its existing footprint, thereby creating “attractive operational and commercial synergies”. The facilities are expected to begin commercial service by the first quarter of 2024.

The acquisition of the three facilities follows H.I.G. Capital’s investment in Northern Biogas in September 2022.

“We appreciate H.I.G.’s partnership, their continued commitment to our business plan, and the shared desire to scale our market position through the acquisition of these three new dairy RNG projects,” Chris Akers, CEO of Northern Biogas, said.

“Since partnering with H.I.G. in September 2022, we have more than doubled the number of RNG projects under construction, and rapidly expanded our RNG project development pipeline across the waste-to-renewable natural gas market. We look forward to utilizing our technical, commercial, and operational expertise to continue to expand our existing dairy RNG footprint and further develop our landfill and food waste RNG projects,” Akers added.

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Based in Morgantown, West Virginia, Northern Biogas designs, builds, owns, operates, services, and maintains anaerobic digesters and renewable natural gas facilities across the U.S.

H.I.G. is a global alternative assets investment firm with $54 billion of equity capital under management. It is based in Miami, with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogota, Rio de Janeiro and Sao Paulo.