M&A Deal Summary

Montauk Energy Acquires NR3

On May 11, 2021, Montauk Energy acquired environmental company NR3

Acquisition Highlights
  • This is Montauk Energy’s 1st transaction in the Environmental sector.
  • This is Montauk Energy’s 1st transaction in the United States.
  • This is Montauk Energy’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-05-11
Target NR3
Sector Environmental
Buyer(s) Montauk Energy
Deal Type Add-on Acquisition

Target

NR3

Greensboro, North Carolina, United States
NR3 specializes in the recovery, refining, and recycling of natural resources from the waste streams of modern agriculture. NR3 is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Montauk Energy

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1980
Sector Renewable Energy
Employees151
Revenue 175M USD (2023)
DESCRIPTION

Montauk Energy focuses on operating as a holding company for Montauk Energy Holdings engages in the recovery and processing of environmentally detrimental methane (biogas) from landfills and other non-fossil fuel sources. The company develops, owns, and operates renewable natural gas (RNG) projects using technologies that supply RNG into the transportation industry and use RNG to produce electrical power for the electrical grid. Montauk Energy was formed in 2020 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1