Investment Summary

Ares Private Equity Group and NorthWestern Energy Invest In Dynamic Renewables

On July 26, 2023, private equity firm Ares Private Equity Group and NorthWestern Energy invested in environmental company Dynamic Renewables

Investment Highlights
  • This is Ares Private Equity Group’s 7th and NorthWestern Energy’s 1st transaction in the Environmental sector.
  • This is Ares Private Equity Group’s 81st and NorthWestern Energy’s 4th transaction in the United States.
  • This is Ares Private Equity Group’s 2nd and NorthWestern Energy’s 1st transaction in Wisconsin.

Investment Summary

Date 2023-07-26
Target Dynamic Renewables
Sector Environmental
Investor(s) Ares Private Equity Group
NorthWestern Energy
Deal Type Growth Capital
Advisor(s) Lazard Ltd. (Financial)
Husch Blackwell LLP (Legal)

Target

Dynamic Renewables

Menasha, Wisconsin, United States
Dynamic Renewables is a full-service development company that provides waste recovery solutions to the agricultural and food processing industries. The company has finance, design, development, and operations capabilities that support its portfolio of operating and development-stage renewable natural gas assets. Dynamic Renewables was founded in 2011 and is based in Menasha, Wisconsin.

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Investor(S) 2

Investor

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 97 of 98
Sector (Environmental) 7 of 8
Type (Growth Capital) 15 of 15
State (Wisconsin) 2 of 2
Country (United States) 81 of 82
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 SageSure

Jersey City, New Jersey, United States

SageSure is an independent managing general underwriter focused on providing catastrophe-exposed property insurance. The Company specializes in underwriting coastal residential and commercial property insurance in areas prone to natural disaster through its online quoting and binding platform that uses proprietary risk modeling and scoring technology. SageSure distributes its products through independent agents and blue-chip brokers on behalf of multiple highly rated carriers. The Company was founded in 2006 and is headquartered in Jersey City, New Jersey.

Buy -
FOLLOWING 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 -
Investor

NorthWestern Energy

Sioux Falls, South Dakota, United States

Category Company
Founded 1923
Sector Energy Services and Equipment
Employees1,573
Revenue 1.4B USD (2023)
DESCRIPTION

NorthWestern Energy own and operate natural gas production, transmission and distribution systems serving 276,500 customers. NorthWestern Energy was founded in 1923 and is based in Sioux Falls, South Dakota.


DEAL STATS #
Overall 4 of 4
Sector (Environmental) 1 of 1
Type (Growth Capital) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Devon - 900 Gas Wells

Montana, United States

Devon - 900 Gas Wells provides natural gas production field in northern Montana.

Buy $70M