M&A Deal Summary

H.I.G. Private Equity Acquires Northern Biogas

On September 20, 2022, private equity firm H.I.G. Private Equity acquired renewable energy company Northern Biogas

Acquisition Highlights
  • This is H.I.G. Private Equity’s 1st transaction in the Renewable Energy sector.
  • This is H.I.G. Private Equity’s 215th transaction in the United States.
  • This is H.I.G. Private Equity’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-09-20
Target Northern Biogas
Sector Renewable Energy
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Vinson & Elkins (Legal)

Target

Northern Biogas

Morgantown, West Virginia, United States
Northern Biogas is a waste-to-renewable natural gas company, specializing in the development, construction, and operation of renewable natural gas (“RNG”) facilities that represent sustainable, clean energy solutions for waste generated from dairies, landfills, and other facilities producing organic waste, including food waste. Northern Biogas is based in Morgantown, West Virginia.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 326 of 358
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 95 of 104
State (West Virginia) 1 of 1
Country (United States) 215 of 237
Year (2022) 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Navitas Life Sciences

Princeton, New Jersey, United States

Navitas Life Sciences is a global technology-enabled clinical research organization (CRO) providing outsourced data science (including biostatistics, statistical programming, and data management), regulatory & safety services (including software and monitoring), and other full-service CRO capabilities to blue-chip large and mid-sized pharmaceutical and government clients. The Company’s functional service expertise optimizes the clinical trial process, drives cost efficiencies for its clients, and ensures adherence to regulatory compliance requirements. Its global operations span the United States, India, Europe, and South America. Navitas Life Sciences is based in Princeton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Salary.com

Waltham, Massachusetts, United States

Salary.com is a provider of reliable information, software, and best practices for compensation professionals. The Company’s product offerings help employers find and analyze detailed, real-time, and accurate information about employee compensation, as well as providing a platform for managing their daily workflow. Salary.com was founded in 1999 and is based in Waltham, Massachusetts.

Sell -
Mergr

Product

Company

Legal