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Black Rock Real Assets acquires Vanguard Renewables

A fund managed by BlackRock Real Assets has acquired Vanguard Renewables, a US specialist in organics-to-renewable energy, from Vision Ridge Partners.

BlackRock Real Assets will partner with Vanguard Renewables’ management team to build upon the company’s market-leading track record and drive its next phase of growth, including its plans to commission more than 100 anaerobic digesters to produce renewable natural gas across the country by 2026.

Since its founding by John Hanselman and Kevin Chase in 2014, Vanguard Renewables has been changing the perception of US food waste and how that waste can be recycled into renewable energy to benefit the planet. The company mitigates greenhouse gas emissions from food waste and cow manure through two distinct business lines: Vanguard Organics and Vanguard Ag. 

Vanguard Organics’ Farm Powered anaerobic codigestion process converts inedible food and beverage waste and dairy manure into renewable natural gas and liquid low-carbon fertiliser. Vanguard Ag, developed in partnership with Dominion Energy in 2019, converts manure into renewable natural gas. This multi-year partnership is essential to Vanguard Ag’s growth and Dominion Energy’s commitment to further its ESG goals via significant investments in renewable natural gas projects.

Onpeak Capital served as the exclusive financial adviser to Vanguard Renewables. Evercore served as exclusive financial adviser and Simpson Thacher, & Bartlett served as legal counsel to BlackRock Real Assets. Ropes & Gray LLP served as legal counsel to Vision Ridge Partners.

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