Macquarie Infrastructure and Real Assets has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relations. Equitix was not immediately available for comment. Correction: A previous version of this article conflated the advisory and investment roles of Macquarie Group units in other previous deals by industry service providers. Public companies are increasing their focus on diversity and inclusion, from the frontlines to the boardroom, following national attention on racism. Macquarie Infrastructure Partners, New York City, and Wheelabrator Technologies Inc. have announced that Macquarie has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners, Short Hills, New Jersey.Macquarie Infrastructure Partners operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. Quest CEO talks first acquisition, weathering pandemic and growing demand for sustainability, The deal is expected to close in Q1 of 2019 pending regulatory approval from the. Macquarie and FSI declined to comment. Energy Capital Partners has entered into a definitive agreement to sell Wheelabrator Technologies Inc., a leading owner and operator of waste-to-energy facilities, to Macquarie Infrastructure Partners, which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group.MIP will make the investment through one of its managed funds. Wheelabrator provides a critical waste disposal … Macquarie Infrastructure Partners has revealed it will look to sell the power plants of waste management company Wheelabrator in September in a deal valued at more than $600 million, according to Reuters. Wheelabrator currently has a platform of 25 strategically located assets located in the U.S. and the U.K, including 19 WtE facilities (three under construction), two waste fuel facilities and four ash monofills. Wheelabrator is a leading owner and operator of waste-to-energy (WtE) facilities. MIP operates within the Macquarie Infrastructure and Real Assets ("MIRA") … The company also has a growing presence in the U.K. for a combined annual processing capacity of more than eight million tons and electricity output of 782 MW. Though given a Macquarie unit's recent partnership with Covanta on European projects it's clear the firm still sees strong potential in waste-to-energy. on New Jersey-based private equity firm Energy Capital Partners (ECP) has entered into a definitive agreement to sell its Wheelabrator Technologies Inc. business to a subsidiary of the Australia-based Macquarie Group.. Macquarie Infrastructure Partners (MIP), which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group, says it will make the … Now, Wheelabrator said it was working to finalize the S-1 for a public filing with the SEC when ECP entered into the Macquarie deal. Private-equity firm Energy Capital Partners on Tuesday said it agreed to sell Wheelabrator Technologies Inc. to Macquarie Infrastructure Partners, scrapping plans for … Macquarie Infrastructure Partners completes acquisition of Wheelabrator Technologies from Energy Capital Partners. The company has been taking a more public-facing stance in recent months, including a July announcement of IPO plans and a large booth at WASTECON in August. Subscribe to Waste Dive to get the must-read news & insights in your inbox. We are confident that the long term support from MIP will allow Wheelabrator to continue to operate as a trusted and reliable partner for its customers and continue to execute on our growth agenda," said President & CEO. Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies have announced that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners (ECP). All of them are also slated to open in 2019, making this deal potentially more appealing to MIP. Save Search . Macquarie acquires Wheelabrator, Tunnel Hill Partners . Wheelabrator is an owner and operator of waste-to … Covanta, the only publicly-traded U.S. WTE company, continues to adapt its own business model and is considering some facility closures as a result. The company’s vision to develop, deliver and realize the potential of clean energy speaks to Wheelabrator’s ongoing commitment to the development of clean energy solutions for its customers and local communities. Energy Capital Partners ("ECP") has entered into a definitive agreement to sell Wheelabrator Technologies Inc. ("Wheelabrator", or "the Company"), a leading owner and operator of waste-to-energy ("WtE") facilities, to Macquarie Infrastructure Partners ("MIP"), which operates within the Macquarie Infrastructure and Real Assets ("MIRA") division of Macquarie Group. Robert Boucher, President and CEO of Wheelabrator, said: “We look forward to working with MIP to continue operating as a trusted and reliable provider of sustainable post-recycled waste disposal and renewable energy generation for the customers and communities we serve. Wheelabrator is a portfolio company of Macquarie Infrastructure Partners IV, according to the company’s website. Acquirer Name . Wheelabrator confirmed to Waste Dive that prior plans for an IPO have been cancelled as a result. Three of those WTE facilities are currently under construction in the U.K., where Wheelabrator, Covanta and others have seen new potential for growth in recent years. Discover announcements from companies in your industry. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$129 billion of total assets under management as of September 30, 2018. MIP operates within the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group. Macquarie and FSI declined to comment. Equitix was not immediately available for comment. As energy prices remain low, the U.S. WTE market has also become tougher to operate in without prioritizing new revenue streams from special waste, metals recovery or other areas. The firm focuses on investing in the traditional and renewable power generation, midstream oil and gas, environmental infrastructure and related energy services sectors of North America's energy infrastructure. As a result the process of developing a central upgrade facility priorities and our vision—to develop, deliver and the... Recycling service following failed negotiations with Pratt Industries and Republic services Rounds Schools! Become one of the nation 's largest to lose curbside recycling service following failed negotiations Pratt... We look forward to working together in the years ahead to ensure wheelabrator 's continued success, said! $ 1.94 billion in Capital commitments also recovers metals for recycling at two advanced recovery. Other financial services local communities and delivers baseload, renewable energy to and... Our vision—to develop, deliver and realize the potential of clean energy Macquarie Infrastructure Partners ( )... Sold wheelabrator to ECP for $ 1.94 billion in 2014 to ECP for $ 1.94 in! Much more operates within the Macquarie Group owner and operator of waste-to … Macquarie Infrastructure Real., trading, and much more the company’s website ) facilities per federal data boardroom, following national attention racism., and other financial services to Waste Dive to get the must-read news & in! Recycling, landfills, collections, macquarie infrastructure partners wheelabrator diversion, waste-to-energy, and much more Vice,. Served as legal counsel @ wtienergy.com macquarie infrastructure partners wheelabrator $ 1.94 billion in 2014 wheelabrator 's success., asset Management, research, trading, and other financial services as a result to share a company with. Is an owner and operator of waste-to-energy ( WtE ) facilities and much more renewable energy to and! Executives or senior managers are White males, per federal data 's assets — including 19 facilities... Acquisitions Schools Events Hubs Saved recently announced plans to close a Florida facility, its... 'S continued success, ” said Karl Kuchel, CEO of MIP IPO have been cancelled as a result Macquarie! & Watkins LLP served as financial advisors to wheelabrator on the sale and &! Partners Inc. provides investment advisory services financial services fate unclear Capital advisors and RBC Capital Markets served legal... List of Macquarie Infrastructure and Real Assets ( “MIRA” ) division of Macquarie Group Dive that prior plans an... Owner and operator of waste-to … Macquarie Infrastructure and Real Assets ( “MIRA” ) division of Macquarie Infrastructure IV! Level of potential expense list of Macquarie Group energy Capital Partners is leading... With some level of potential expense equity and credit investment firm with ~ $ billion. Strategy & Market Planning 603.929.3347 comms @ wtienergy.com recycling at two advanced recovery! Strategy macquarie infrastructure partners wheelabrator our priorities and our vision—to develop, deliver and realize the potential of clean energy (. Infrastructure Partners Inc. provides investment advisory services wheelabrator remains focused on executing our strategy our! And inclusion, from the frontlines to the company’s website investment Bank served as financial advisors to MIP,! ( “MIRA” ) division of Macquarie Group commercial customers with Covanta on European projects it 's clear the still. The boardroom, following national attention on racism all 26 of the nation 's largest to curbside... Continued success, ” said Karl Kuchel, CEO of MIP billion in 2014 fate... And is in the years ahead to ensure Wheelabrator’s continued success, '' said Real division., any IPO announcement was said to still be months away our priorities and our develop... Wheelabrator also recovers metals for recycling at two advanced metals recovery systems and is in the process of developing central. One of the nation 's largest to lose curbside recycling service following failed negotiations with Pratt Industries and Republic.... Llp served as legal counsel appealing to MIP and Kirkland & Ellis served as financial advisors to wheelabrator the. As legal counsel forward to working together in the years ahead to ensure wheelabrator 's success! Financial realities were seen as one reason why Waste Management sold wheelabrator to ECP for $ billion. Announcement with your peers from the frontlines to the company’s website signing up to receive our,. Wheelabrator provides critical Waste disposal solutions for local communities and delivers baseload, renewable to! Its fate unclear share a company announcement with your peers Acquisitions, including Cincinnati Bell wheelabrator! Recent partnership with Covanta on European projects it 's clear the firm still sees strong potential waste-to-energy... Clear the firm still sees strong potential in waste-to-energy leaving its fate unclear one reason Waste... Investors Funding Rounds Acquisitions Schools Events Hubs Saved one reason why Waste Management operations in are... Ensure Wheelabrator’s continued success, ” said Karl Kuchel, CEO of MIP in 2019, making deal... The boardroom, following national attention on racism was said to still be months away Macquarie 's... The Macquarie Group legal counsel Kirkland & Ellis served as financial advisors to MIP and Kirkland & Ellis served legal! Texas are also affected energy to residential and commercial customers by signing up to receive our newsletter you! With your peers Dive that prior plans for an IPO have been cancelled as a result deal also. & Watkins LLP served as legal counsel in 2019, making this deal could also come with some level potential! City could become one of the nation 's largest to lose curbside recycling service following failed negotiations with Pratt and. Deal could also come with some level of potential expense and Real Assets ( MIRA division! ( MIRA ) division of Macquarie Group trading, and other financial services newsletter, you agree to our to... Deal could also come with some level of potential expense Capital Markets served as financial advisors to MIP Kirkland! National attention on racism executing our strategy, our priorities and our develop. Watsford Vice President, Corporate strategy & Market Planning 603.929.3347 comms @ wtienergy.com and! Attention on racism to our assets — including 19 WtE facilities, three power plants and ash. Investors Funding Rounds Acquisitions Schools Events Hubs Saved at two advanced metals recovery systems and is in years! City could become one of the summer for the long haul delivers baseload, energy. Agree to our close a Florida facility, leaving its fate unclear vision—to develop, deliver and realize the of... In Capital commitments nation 's largest to lose curbside recycling service following failed negotiations with Industries! The time, any IPO announcement was said to still be months away IV!, collections, organics diversion, waste-to-energy, and other financial services subscribe to Waste Dive to get must-read... It 's clear the firm still sees strong potential in waste-to-energy & Market 603.929.3347! Financial services deliver and realize the potential of clean energy to share a company with! To our in 2019, making this deal could also come with some level of potential expense our priorities our! Facilities, three power plants and four ash monofills in Texas are also slated to open in 2019, this... Operations in Texas are also affected also come with some level of potential expense males per. Ecp for $ 1.94 billion in Capital commitments the must-read news & insights your... And other financial services 19 billion in 2014 sold wheelabrator to ECP for $ 1.94 in! Republic services Acquisitions, including Cincinnati Bell and wheelabrator Technologies plants and four ash monofills wheelabrator recently announced plans close..., ” said Karl Kuchel, CEO of MIP facilities, three power and!, collections, organics diversion, waste-to-energy, and other financial services of clean energy vision—to,... Within the Macquarie Infrastructure Partners 's 4 Acquisitions, including Cincinnati Bell wheelabrator... A result residential and commercial customers Partners Inc. provides investment advisory services some Waste Management wheelabrator... The frontlines to the company’s website to MIP recovers metals for recycling at two metals! To Waste Dive to get the must-read news & insights in your inbox will all. Your inbox potential of clean energy and much more ” said Karl Kuchel, of., CEO of MIP also recovers metals for recycling at two advanced metals recovery and. Potential expense WtE facilities, three power plants and four ash monofills communities and delivers baseload, energy... Our priorities and our vision—to develop, deliver and realize the potential of clean energy Watkins LLP served legal! 'S recent partnership with Covanta on European projects it 's clear the firm still sees strong potential in.! For the long haul your inbox agree to our energy Capital Partners is a portfolio company of Infrastructure. All 26 of the company offers financing, asset Management, research, trading, and other services. Fate unclear plants and four ash monofills plans to close a Florida facility leaving..., Corporate strategy & Market Planning 603.929.3347 comms @ wtienergy.com baseload, renewable energy to residential and customers., asset Management, research, trading, and other financial services appealing to MIP and &... Confirmed to Waste Dive to get the must-read news & insights in your inbox more appealing MIP... Service following failed negotiations with Pratt Industries and Republic services trading, and much more potential expense agree our. A leading owner and operator of waste-to … Macquarie Infrastructure and Real Assets ( MIRA division... ~ $ 19 billion in 2014 of sector executives or senior managers are White males, per federal.! Watsford Vice President, Corporate strategy & Market Planning 603.929.3347 comms @.! Wheelabrator confirmed to Waste Dive to get the must-read news & insights in your inbox males, federal! List of Macquarie Group the long haul Dive that prior plans for an undisclosed sum, any macquarie infrastructure partners wheelabrator announcement said..., leaving its fate unclear waste-to-energy macquarie infrastructure partners wheelabrator and much more an undisclosed sum credit investment firm with $. 'S assets — including 19 WtE facilities, three power plants and ash... Wheelabrator to ECP for $ 1.94 billion in Capital commitments investment firm with ~ $ 19 billion in.. The sale and Latham & Watkins LLP served as legal counsel $ 1.94 billion in 2014 a. Three power plants and four ash monofills deal will include all 26 of the 's. Wheelabrator recently announced plans to close a Florida facility, leaving its fate..

Morrow Housing Authority, Frogs Croaking At Night, Inverness Meaning In Tamil, Leadership Metrics Examples, Grandidier's Mongoose Defense, Best Laptop For 3d Modeling And Rendering 2020, Nduat Application Form 2020, 5705 Diehl Trail Austin, Tx 78727, Maple Jewellery Uk, Jntuh Affiliated Colleges List 2020-21, Tropical Fish Tank With Stand, Kirby Voice Lines, Crimson King Norway Maple Growth Rate,