Fernando Aguirre, DHS Ventures Vice Chairman, Announced DHS Energy to Be Acquired by DHS Ventures & Holdings for Approximately $6.1 Billion
WASHINGTON - January 3, 2023 - ( Newswire.com )
DHS Ventures & Holdings, an industry-leading investment in renewable natural gas firm, today announced through Executive Vice Chairman of DHS Ventures, Fernando Aguirre, that it has agreed to acquire DHS Energy, a subsidiary, for a total enterprise value of approximately $6.1 billion, including approximately $800 million of net debt.
Fernando Aguirre, Executive Vice Chairman of DHS Ventures & Holdings, said, “DHS Energy was founded with a mission to build the world’s leading RNG development company to reduce global emissions and make multi-generational sustainability impacts. In a very short period of time, we have rapidly become a leading RNG platform in the U.S., and today’s announcement will further enable this business to realize its full potential.”
Rafael Sarnos, Vice President of DHS Energy, stated, “DHS Ventures & Holdings is a world-class partner and a strong fit for DHS Energy, with a strategic focus on bioenergy and an operational history in the RNG value chain that is fully aligned with ours and our partners’. We are excited to join them in our mission to increase the role of RNG in helping customers reach their long-term climate goals, and I look forward to our hard-working team joining the DHS Ventures & Holdings parent company to help achieve their bioenergy objectives. I am incredibly proud of our employees at DHS Ventures who have driven this tremendous value creation and will continue to push forward DHS Ventures’ drive to foster clean energy growth and promote domestic energy reliance.”
Rakesh Sarna, Chairman of DHS Ventures & Holdings, said, “After a thorough review, our Board determined that combining DHS Energy’s RNG assets and our strong development backlog with DHS Ventures & Holdings’ existing bioenergy business and deep operational and financial resources is the best way to create a stronger platform to achieve DHS Energy full potential, while maximizing value for our shareholders. Today’s news would not be possible without the entire DHS Energy organization, our best-in-class employees and our industry partners.”
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Original Source: Fernando Aguirre, DHS Ventures Vice Chairman, Announced DHS Energy to Be Acquired by DHS Ventures & Holdings for Approximately $6.1 Billion