Burnham RNG, a developer and owner of organic waste management and anaerobic digestion biogas assets across the United States, announced that it has been acquired by Ares Management.
The deal acquires Burnham RNG from Edge Natural Resources. The investment from Ares, an infrastructure investor with approximately $15.1 billion in infrastructure equity and debt assets under management, will support Burnham in the further development and construction of its broader pipeline of renewable natural gas (“RNG”) assets located throughout the U.S.
The acquisition of Burnham follows Ares’ announcement of a strategic investment in dynamic renewables earlier this year.
Founded in 2021, Burnham is a fully integrated origination, development, financing and asset management platform that provides waste recovery solutions focused on the wastewater and agricultural waste industries.
The company 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 U.S.
“Burnham is excited to work with Ares in its next chapter of growth,” said Burnham founder and CEO Chris 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.”