M&A Deal Summary

Archaea Energy Acquires Aria Energy

On April 7, 2021, Archaea Energy acquired renewable energy company Aria Energy

Acquisition Highlights
  • This is Archaea Energy’s 1st transaction in the Renewable Energy sector.
  • This is Archaea Energy’s 1st transaction in the United States.
  • This is Archaea Energy’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-04-07
Target Aria Energy
Sector Renewable Energy
Buyer(s) Archaea Energy
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Orrick (Legal)

Target

Aria Energy

Novi, Michigan, United States
website
Aria Energy projects generate enough energy to remove the equivalent of 1.5 billion gallons of gasoline emissions from the atmosphere. The company's values foster a safe, high-integrity work environment where it employs rigorous analytics to all aspects of our business. Aria Energy proactively works with the full range of stakeholders for the betterment and well-being of its environment and community. Aria Energy was formed in 1996 and is based in Novi, Michigan.

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Buyer(S) 1

Buyer

Archaea Energy

Canonsburg, Pennsylvania, United States

website

Category Company
Founded 2018
Sector Renewable Energy
Revenue 74M USD (2021)
DESCRIPTION

Archaea Energy is a developer of renewable natural gas for high-carbon emission processes and industries by capturing recurring emissions from food waste, wastewater, agricultural waste, and landfill gas. Archaea builds, operates, and manages RNG projects during the entire energy life cycle and offers off-take partners the opportunity to purchase RNG from Archaea’s portfolio of projects under long-term agreements. The company's experienced team of landfill owners, engineers and RNG experts empower organizations to reach their sustainability goals by turning carbon into a long-term renewable energy asset that is a predictable source of revenue. It delivers pipeline-quality RNG from coast to coast using the existing natural gas infrastructure. Archaea Energy was formed in 2018 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal