Ares acquires Burnham RNG

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Burnham RNG (Burnham) has announced that a fund managed by Ares Management's Infrastructure Opportunities strategy (Ares) has made a strategic investment to acquire the company from Edge Natural Resources (Edge).
Burnham is a full-service developer and owner of organic waste management and anaerobic digestion biogas assets across the US.
The investment from Ares, a leading infrastructure investor, will support Burnham in the further development and construction of its broader pipeline of renewable natural gas (RNG) assets located throughout the US.
The acquisition follows Ares' strategic investment in Dynamic Renewables earlier this year.
Burnham is the developer and owner of the Pasco Resource Recovery Center (PRRC) located in Pasco, Washington.
PRRC is designed to treat an average of 4.4 million gallons of industrial wastewater sourced from six local food processors per day via anaerobic digestion and supplementary nitrogen reduction systems.
After completion, the facility is expected to produce treated water for irrigation, as well as ~900 MMBtu/day of renewable natural gas.
The asset has a 30-year wastewater treatment agreement with the City of Pasco and will sell produced RNG to Cascade Energy via a 20-year offtake agreement.
In addition to PRRC, Burnham has a development pipeline comprised of several waste-to-biogas projects across the US.
Burnham is led by its founder and chief executive officer Chris Tynan, who has over two decades of experience in financing and developing infrastructure projects.
"Burnham is excited to work with Ares in its next chapter of growth," said Tynan. "We are proud of the team and the business we have built to date and look forward to deploying more successful biogas projects in the wastewater segment and beyond alongside an experienced infrastructure investor in Ares."
"The investment in Burnham further reinforces our commitment to providing our investors access to one of the most dynamic sectors of climate infrastructure," said Andy Pike, partner and co-head of Ares Infrastructure Opportunities.
"We are focused on identifying companies that provide circular waste management solutions to critical industries, while at the same time producing a green fuel product in renewable natural gas. Burnham's flagship asset in PRRC is a prime example of this, and we look forward to supporting the platform in developing its pipeline of projects and further delivering waste management solutions to the wastewater and agricultural end markets."

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