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Archaea Energy, LLC

Company Summary

Description

Archaea Energy, LLC is a nationwide developer of renewable energy resources, especially RNG projects. Its RNG projects curb greenhouse gas pollution and create sustainable energy, local investment, and green jobs, and improve local air quality. Its principals are leaders in the field of renewable energy and its partners include some of North America’s most environmentally responsible, socially conscious, and forward-thinking institutions – all of whom rely on Archaea RNG to decarbonize and meet their internal and external renewable energy goals.

Recent news

  • 2/14/2023 - UGI & BP Launch Aurum... (subscriber access)
  • 12/30/2022 - bp Completes Purchase of... (subscriber access)
  • 11/11/2022 - BPs Archaea Energy... (subscriber access)
  • 11/11/2022 - Archaea Energy Notes... (subscriber access)
  • 11/11/2022 - Archaea Energy Announced... (subscriber access)

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • BP PLC
    • SELLERS:
  • Archaea Energy, LLC
    • DETAILS:

    COST: 4.1 $B

    NOTES:
    Archaea Energy, a renewable natural gas company in the United States, will be acquired by BP, for $26/share in cash. The deal places an enterprise value of $4.1 billion on Archaea, inclusive of $800 million in net debt. Closing is targeted for year-end 2022.
    REGIONS:
  • North America