Quinbrook Infrastructure Partners, an investment manager focused on infrastructure for the energy transition, has acquired PurposeEnergy, a U.S.-based renewable fuels and biogas company.
Headquartered in New Hampshire, PurposeEnergy is focused on waste services for the food and beverage industries. Over the last 15 years, PurposeEnergy has developed, owned and operated multiple projects that convert organic waste streams to biogas for use in industrial processes, conversion to renewable electricity, or refinement to renewable natural gas (RNG). Quinbrook’s acquisition of the company looks to deliver capital resources, commitment to sustainability and ESG-driven impact and additional strategic relationships.
“The investment by Quinbrook will greatly expand our ability to identify, finance, build and operate new projects, helping our customers achieve their ESG goals while conserving capital to invest in their core businesses,” comments PurposeEnergy founder & CEO Eric Fitch.