M&A Deal Summary

Ares Private Equity Group Acquires Burnham RNG

On December 4, 2023, private equity firm Ares Private Equity Group acquired environmental company Burnham RNG from Edge Natural Resources

Acquisition Highlights
  • This is Ares Private Equity Group’s 8th transaction in the Environmental sector.
  • This is Ares Private Equity Group’s 82nd transaction in the United States.
  • This is Ares Private Equity Group’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2023-12-04
Target Burnham RNG
Sector Environmental
Buyer(s) Ares Private Equity Group
Sellers(s) Edge Natural Resources
Deal Type Secondary Buyout

Target

Burnham RNG

Arlington, Virginia, United States
Burnham RNG is a wastewater and agricultural waste-to-renewable natural gas (RNG) provider that helps communities profitably reduce waste treatment costs while improving environmental outcomes. The company manages and reuses organic waste and wastewater and transforms it into RNG, clean water, and high-value soil additives. Burnham RNG is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 98 of 98
Sector (Environmental) 8 of 8
Type (Secondary Buyout) 39 of 39
State (Virginia) 3 of 3
Country (United States) 82 of 82
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Cureton Midstream

Denver, California, United States

Cureton Midstream is a midstream company focused on providing commercial solutions to its customers. Cureton Midstream was founded in 2016 and is based in Denver, California.

Sell -

Seller(S) 1

SELLER

Edge Natural Resources

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Edge Natural Resources LLC is a private equity firm formed to make small-cap investments in the North American energy industry. Edge Natural Resources was formed in 2015 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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