Black stones is buying a company that turns food waste and cow dung into renewable natural gas, a deal that adds further impetus to the industry during war in Ukrainecompany officials said.
The world’s largest asset manager is acquiring Vanguard Renewables, a Boston-area company that works with dairy farmers and food companies. to produce renewable natural gas for utility and energy companies like Dominant energy Inc. and Enbridge Inc. The transaction is valued at $700 million, and BlackRock could spend more than $1 billion to fund the Vanguard Renewables expansion, a person familiar with the matter said.
