ArcLight Clean Transition Corp. II (ACTD) to Combine with OPAL Fuels in $1.75Bn Deal

ArcLight Clean Transition Corp. II (ACTD) to Combine with OPAL Fuels in $1.75Bn Deal

ArcLight II (NASDAQ:ACTD) has entered into a definitive agreement to combine with renewable gas producer OPAL Fuels at an enterprise value of $1.75 billion, or 7.4x its 2023E EBITDA. White Plains, New York-based OPAL produces and distributes renewable natural gas and electricity from biomethane sources. The combined company is expected to trade on the Nasdaq
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