by Bruce Comer, Founder, Managing Partner and Frank Kim, Director, Ocean Park Advisors
Special to The Digest
COVID-19 further plagues the already challenged North American biofuels M&A market, while capital investments thrive.
Biofuels merger and acquisition (M&A) activity in North America remained sluggish in 2020. For the second consecutive year, no large-scale, operating biofuels plant changed hands. Only five M&A transactions took place, with a total estimated value of just $110 million. These transactions involved six plants whose production capacity totalled 393 MGPY, with two of these transactions involving partial ownership stakes. Five of the six acquired plants were non-operating, representing the majority of acquired capacity. Most of the deals that closed were driven largely by distressed sellers or sellers shifting their business models. Ocean Park tracked several sales processes that were not consummated, including ADM’s sale of its three dry mills. It was also a q
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