Foley Represents North American Natural Resources in $135M Sale to Kinder Morgan

12 August 2022 News

Foley & Lardner LLP represented North American Natural Resources, Inc. (NANR) and its sister companies North American Biofuels, LLC and North American-Central, LLC, in its sale to Kinder Morgan, Inc. (KMI), one of the largest energy infrastructure companies in North America. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky.

Shortly following close, KMI is expected to make a final investment decision on the conversion of up to four of the seven gas-to-power facilities to renewable natural gas (RNG) facilities with capital spend of approximately $175 million. Pending the final investment decision, these facilities are expected to be in service by early 2024 and, once complete, generate around 2 billion cubic feet per year of RNG.

KMI owns an interest in or operates approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Its pipelines transport natural gas, gasoline, crude oil, and carbon dioxide, and its terminals store and handle renewable fuels, petroleum products, chemicals, and vegetable oils, among other products.

The Foley team representing NANR was led by Partners Jason Allen, Adam Schurle, Ethan Lenz, John Dunlap, and Leigh Riley, and Associate Kenneth Johnson.

About Foley & Lardner LLP

Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.

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