Suburban Propane Partners, L.P. to Acquire Renewable Natural Gas ("RNG") Production Assets from Equilibrium Capital Group and Establishes Partnership for the Development of Additional RNG Projects

WHIPPANY, N.J., Dec. 28, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. ("Suburban" or the "Partnership") (NYSE: SPH), a nationwide distributor of propane and other energy products to local communities, as well as an investor in low carbon energy alternatives, announced that its wholly-owned subsidiary, Suburban Renewable Energy, LLC ("Suburban Renewables"), reached an agreement to acquire a platform of renewable natural gas ("RNG") assets from Equilibrium Capital Group ("Equilibrium"), a leading sustainability-driven asset management firm.  In addition to the purchase of two operational biogas facilities, the parties have formed a partnership to serve as a long-term growth platform for the identification, development and operation of additional RNG projects; including an existing pipeline of identified RNG projects that are in various stages of development.