Blue Wolf acquires landfill gas developer

New York, NY, Jan. 8, 2007 — Blue Wolf Capital Management LLC (Blue Wolf), a private equity firm, announced that its affiliate, Blue Wolf Energy Holdings LLC (Blue Wolf Energy), has completed the acquisition of Montauk Energy Capital (Montauk) from DQE Financial Corp., a subsidiary of Duquesne Light Holdings, Inc. The purchase price was $101.8 million.

Johnnic Holdings (Pty) Ltd., a subsidiary of Hosken Consolidated Investments Ltd., is the lead investor in both Blue Wolf and Blue Wolf Energy. GoldenTree Asset Management LP provided senior and junior financing for the transaction.

Adam Blumenthal, managing partner at Blue Wolf, said Montauk’s success “in profitably realizing the renewable energy potential of landfill gas and in providing landfill gas engineering services” is a strong basis for growth going forward.

John Schmitt, formerly president at Montauk, will serve as CEO, and Montauk’s existing management team will remain with the company.

Based in Pittsburgh, Montauk a landfill gas developer and is the parent company of GSF Energy LLC, and Waste Energy Technology (WET). The company operates eight landfill gas-to-energy facilities at landfills across the United States, and has investments in thirteen additional facilities.

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