November 21, 2025 – Richmond, VA – Sparkstone Capital Advisors, LLC (“Sparkstone”) is pleased to announce that it served as the exclusive financial advisor to BerQ RNG Holdings USA, LLC, (“BerQ”) in its sale of two projects that will produce renewable natural gas (“RNG”) from landfill gas. The transaction closed in September 2025.
Owensboro RNG, LLC (“Owensboro RNG”), located in Owensboro, Kentucky, is an RNG facility designed to process landfill gas from the West Davies County Landfill. It began construction in May 2025 and was nearing completion as the transaction closed. Owensboro RNG is designed to process 2,000 SCFM of inlet LFG, and it’s expected to produce 412,000 MMBTU by 2028. Its development, production, and operation are secured under a 20-year landfill gas rights agreement with the Daviess County Fiscal Court. Owensboro RNG was purchased by RPM Holdings, a joint venture between Redtail Renewables, a leading RNG developer and operator, and Pacolet Milliken, a private investment firm.
Oneida-Herkimer RNG, LLC (“Oneida-Herkimer RNG”), located in Ava, New York, is an RNG project that will process 3,300 SCFM of inlet LFG and is expected to produce 638,000 MMBTU in 2028. The project has a 20-year landfill gas rights agreement with the Oneida-Herkimer Solid Waste Authority that begins at the commercial operations date of the facility. Oneida-Herkimer RNG was purchased separately by Redtail Renewables, who will continue development and construction.
BerQ is a leading renewable natural gas project developer focused on converting organic waste into clean energy solutions. With a large portfolio of RNG projects across North America, BerQ is committed to delivering sustainable energy solutions that reduce emissions and support a circular economy. BerQ is a portfolio company of Lotus Infrastructure Partners, a private equity investment firm based in Greenwich, CT that specializes in energy infrastructure investments. Through its existing general opportunity funds and affiliated investment vehicles, Lotus has raised in excess of $4 billion of equity capital and has executed transactions totaling more than $8 billion in enterprise value related to the development and construction of renewable energy assets, focusing on renewable power generation, battery storage, low-carbon fuels, electric transmission, and decarbonization.
Sparkstone is a financial advisory firm focused on mergers, acquisitions, and capital raising in the energy and industrial sectors. It was founded in 2018 by three partners with decades of collective energy M&A experience. The firm’s goal is to provide independent and unbiased client service, execute transactions efficiently with senior-level bankers, and develop meaningful long-term relationships. More information can be found at www.sparkstonecap.com.