Paul Hunt, Spencer Ricks, Justin Stolte, Jim Cole, Achraf Farraj, Erik Thompson, Claire Bradford Di Caro, Jake Hummer, Annelise Karreman, Andrea Herman, James Lim
January 24, 2026
Latham Advises Divert on US$1 Billion Infrastructure Development Agreement with Enbridge and US$100 Million Equity Financing
1 min
AI-made summary
- Divert Inc
- has entered into a US$1 billion infrastructure development agreement with Enbridge Inc
- to support the creation of facilities that convert wasted food into renewable natural gas across North America
- Additionally, Divert secured US$80 million in growth equity from Enbridge and US$20 million from Ara Partners
- Latham & Watkins LLP advised Divert on both transactions, with a team led by partners from Washington, D.C., Boston, and Houston.
Divert Inc., a leading impact technology company on a mission to Protect the Value of Food™, has announced a US$1 billion infrastructure development agreement with Enbridge Inc. (NYSE: ENB) (Enbridge), solidifying the company’s leadership in solving the wasted food crisis and delivering on its mission to decarbonize the food value chain and combat climate change. The transformative $1 billion infrastructure agreement will support the development of wasted food to renewable natural gas (RNG) facilities across North America. In addition, Divert secured US$80 million in growth equity from Enbridge along with US$20 million from current investor Ara Partners. Latham & Watkins LLP advised Divert on both transactions. The deal team was led by Washington, D.C. partner Paul Hunt, Boston partner Spencer Ricks, and Houston partners Justin Stolte and Jim Cole, with San Diego counsel Achraf Farraj, Boston associates Erik Thompson, Claire Bradford Di Caro and Jake Hummer, New York associate Annelise Karreman, Houston associate Andrea Herman, and Washington, D.C. associate James Lim.~~
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Paul Hunt, Spencer Ricks, Justin Stolte, Jim Cole, Achraf Farraj, Erik Thompson, Claire Bradford Di Caro, Jake Hummer, Annelise Karreman, Andrea Herman, James Lim
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