Vanguard Renewables Publicizes Acquisition by BlackRock Actual Property

BOSTON–(COMMERCIAL WIRE)–Vanguard Renewables, a US chief in natural to renewable vitality, at this time introduced {that a} fund managed by BlackRock Actual Property has acquired the corporate from Imaginative and prescient Ridge Companions. BlackRock Actual Property will associate with the Vanguard Renewables administration workforce to construct on the corporate’s market-leading observe report and gas its subsequent section of progress, together with its plans to fee greater than 100 anaerobic digesters to supply renewable pure gasoline in all the nation by 2026.

Since its founding by John Hanselman and Kevin Chase in 2014, Vanguard Renewables has modified the notion of meals waste within the US and the way that waste will be recycled into renewable vitality to profit the planet. The corporate mitigates greenhouse gasoline emissions from meals waste and cow manure by two distinct enterprise strains: Vanguard Organics and Vanguard Ag. Farm Powered by Vanguard Organics.® The anaerobic co-digestion course of converts inedible meals and beverage waste and dairy manure into renewable pure gasoline and low-carbon liquid fertilizer. Vanguard Ag, developed in partnership with Dominion Vitality in 2019, converts manure into renewable pure gasoline. This multi-year partnership is important to Vanguard Ag’s progress and Dominion Vitality’s dedication to additional its ESG objectives by important investments in renewable pure gasoline initiatives.

“We’re happy to spend money on Vanguard Renewables, a number one producer of renewable pure gasoline from agriculture and natural meals waste within the US, backed by long-term contracts,” mentioned Mark Florian, director of diversified infrastructure at BlackRock. Actual Property. “Renewable pure gasoline is a horny and fast-growing market that gives decarbonization options for each the provider of the waste and the buyer of pure gasoline. We sit up for partnering with Vanguard Renewables’ skilled administration workforce to assist the corporate’s sturdy progress momentum.”

Neil H. Smith, CEO of Vanguard Renewables, added: “Right this moment marks the beginning of an thrilling subsequent chapter for Vanguard Renewables as we scale our Farm Powered® program throughout the nation. We’re grateful for Imaginative and prescient Ridge’s steadfast assist over the previous eight years and sit up for our new partnership with BlackRock Actual Property, one of many world’s most progressive and environmentally centered buyers, as we proceed to develop options to guard our planet. ”

“Since our funding in Vanguard Renewables in 2014, we’ve got labored carefully with Neil, John, Kevin and all the workforce to allow them to develop the corporate from modest beginnings to turn out to be the nationwide chief in organic-to-renewable vitality improvement. initiatives,” mentioned George Polk, associate at Imaginative and prescient Ridge Companions. “We’re proud to have helped flip Vanguard Renewables into an unequalled RNG platform pioneering a path of decarbonization within the US to a like-minded investor, BlackRock Actual Property.”

John Hanselman, Founder and Chief Technique Officer of Vanguard Renewables, concluded, “I’m immensely proud to have helped construct an organization from the bottom as much as turn out to be a nationwide chief in changing natural waste into renewable vitality. Vanguard Renewables’ mission has at all times been to assist America obtain a future the place waste is a useful resource for producing renewable vitality and training regenerative agriculture.”

Onpeak Capital LLC served as unique monetary advisor to Vanguard Renewables. Evercore served as unique monetary advisor and Simpson Thacher, & Bartlett served as authorized advisor to BlackRock Actual Property. Ropes & Grey LLP served as authorized counsel to Imaginative and prescient Ridge Companions.

About Vanguard Renewables

Headquartered in Wellesley, Massachusetts, Vanguard Renewables is a nationwide chief in growing initiatives to transform meals and dairy waste into renewable vitality. The Firm owns and operates on-farm anaerobic digester amenities within the Northeast and at present operates manure digesters solely within the South and West for Dominion Vitality. Growth plans embrace greater than 100 anaerobic digestion amenities by 2026. Vanguard Renewables is dedicated to advancing decarbonization by lowering farm greenhouse gasoline emissions and meals waste and supporting regenerative agriculture at associate farms by anaerobic digestion. For extra details about the Firm, its vitality companions and the Agricultural Vitality Strategic Alliance, go to www.vanguardrenewables.com.

About BlackRock Actual Property

In at this time’s dynamic and complicated world funding market, BlackRock Actual Property seeks to assist purchasers entry actual belongings that would assist them meet their funding targets by offering a definite vary of well-defined, results-oriented methods, throughout the funding risk-return spectrum.

BlackRock Actual Property’ devoted groups of business and sector specialists present world attain, with deep native experience. They’ve many years of related expertise, are deeply embedded of their working industries by sector and geography, and have developed sturdy partnership networks over time. BlackRock’s tradition of danger administration, information sharing and funding self-discipline set BlackRock Actual Property aside and underpin the whole lot they do. With greater than 400 professionals in 30 workplaces managing greater than $70 billion in consumer commitments as of June 30, 2022, BlackRock Actual Property companions with purchasers to offer options tailor-made to the wants of particular person portfolios, reminiscent of earnings, progress, outcomes of liquid or balanced actual belongings.

About Imaginative and prescient Ridge Companions

Imaginative and prescient Ridge Companions is a preeminent investor in sustainable actual property belongings looking for to generate superior monetary returns whereas making a constructive environmental influence. Based by Reuben Munger and joined by companions Justin Goerke and George Polk, Imaginative and prescient Ridge manages roughly $2.5 billion, as of December 31, 2021, throughout its three funds and related co-investments. Imaginative and prescient Ridge has workplaces in Colorado and New York. For extra info, go to https://vision-ridge.com.

Visible sources to accompany the story will be discovered within the Vanguard Renewables Newsroom.

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