Holland & Knight Advises Suburban Propane Partners in Acquisition of RNG Assets from Equilibrium Capital Group
HOUSTON (December 28, 2022) – Holland & Knight advised Suburban Propane Partners L.P. (NYSE: SPH) and its wholly owned subsidiary, Suburban Renewable Energy LLC, in the acquisition of a platform of renewable natural gas (RNG) assets from Equilibrium Capital Group, a leading sustainability-driven asset management firm.
In addition to the purchase of two operational biogas facilities, the parties have formed a partnership to serve as a long-term growth platform for the identification, development and operation of additional RNG projects, including an existing pipeline of RNG projects that are in various stages of development.
Headquartered in Whippany, New Jersey, Suburban Propane is a nationwide distributor of propane, renewable energy and related products and services, as well as a marketer of natural gas and electricity and investor in low-carbon alternatives. Suburban Propane serves the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 42 states.
Holland & Knight Partners Ram Sunkara and Ronnie Dabbasi led the firm's representation of Suburban Propane. They were assisted by Partners Amish Shah, Alan Schwartz, Marc Druckman, Woody Vaughan, Madeleine Tan, Joshua Belcher, John Dierking and Susan Lafferty; Senior Counsel David Thaxton; Associates Morgan Moore, Braedon Morrow, Andy Kriha and Daniel Janovitz; and Paralegal Jerry Sanders.
More information on the transaction can be found here.