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 9th transaction in the Environmental sector.
  • This is Ares Private Equity Group’s 89th 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 24.0B 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 121 of 126
Sector: Environmental M&A 9 of 10
Type: Secondary Buyout M&A Deals 43 of 46
State: Virginia M&A 3 of 3
Country: United States M&A 89 of 93
Year: 2023 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 London Square

Uxbridge, United Kingdom

London Square was established to develop residential housing within Greater London. The company acquires land, obtains planning permission for development, builds and sells the housing units. London Square was founded in 2010 and is based in Uxbridge, United Kingdom.

Sell £230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 AIR

Rochester Hills, Illinois, United States

AIR is an industrial automation company focused on acquiring and facilitating the growth of industrial automation companies serving diverse end markets with strong operational histories and tenured management teams. AIR is based in Rochester Hills, Illinois.

Buy -

Seller(S) 1

SELLER

Edge Natural Resources


Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Edge Natural Resources 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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1