Houston-based Archaea Energy to Acquire INGENCO for $215 Million

Archaea Infrastructure will acquire NextGen Power Holding for $215 million in cash, with the deal expected to close on or after July 1, 2022.

Hart Energy Staff

Archaea Infrastructure LLC, a wholly owned subsidiary of Archaea Energy Inc., has entered into a definitive purchase and sale agreement to purchase NextGen Power Holdings LLC (INGENCO) for $215 million in cash, according to a company press release on April 28.

The transaction, subject to customary adjustments at closing, is expected to close on or after July 1, 2022. Archaea expects to finance the acquisition of INGENCO, subject to market conditions and other factors, via one or more capital markets transactions or private financing transactions.

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