Burnham RNG, a full-service developer and owner of organic waste management and anaerobic digestion biogas assets across the US, announced that a fund managed by Ares Management's Infrastructure Opportunities strategy has made a strategic investment to acquire the Company from Edge Natural Resources. The investment from Ares, a leading infrastructure investor with approximately US$15.1 billion in infrastructure equity and debt assets under management as of September 30, 2023, will support Burnham in the further development and construction of its broader pipeline of renewable natural gas (RNG) assets located throughout the U.S. The acquisition of Burnham follows Ares' announcement of a strategic investment in Dynamic Renewables earlier this year and represents the group's continued commitment to building scale in the waste-to-value space, supported by the development of strong projects diversified across feedstock type. Latham & Watkins LLP represents Ares in the transaction with a corporate deal team led by New York partner David Owen, with associates Catie English and Aubrey Steiger. Advice was also provided on tax matter by Houston partner Jim Cole and Washington, D.C. counsel Isaac Maron; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Courtney Thomson; on finance matters by New York partner Matt Henegar, with associates Kailash Gupta, Laruen Lozada, and Jack Klein; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and Orange County counsel Joshua Bledsoe, with associate Brian McCall; on real estate matters by San Diego counsel Aaron Friberg; on data and technology transactions matters by New York counsel Carrie Girgenti; on energy regulatory matters by Washington, D.C. partner Patrick Nevins; and on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White.~~