Macquarie completes acquisition of Wheelabrator Technologies Inc.
Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. (Wheelabrator) has announced that it has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners (ECP). MIP operates within the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group.
Wheelabrator is a leading owner and operator of waste-to-energy (WtE) facilities. Wheelabrator provides critical waste disposal solutions for local communities and delivers baseload, renewable energy to residential and commercial customers. 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.
The sale was approved by the Federal Energy Regulatory Commission, Committee on Foreign Investment in the United States, Department of Justice, Federal Trade Commission, Federal Communications Commission and the New Jersey Department of Environmental Protection.
Credit Suisse and UBS Investment Bank served as financial advisors to Wheelabrator on the sale and Latham & Watkins LLP served as legal counsel. Greentech Capital Advisors and RBC Capital Markets served as financial advisors to MIP and Kirkland & Ellis served as legal counsel.
Country updates
-
-
February 11, 2019
New Energy Capital Partners closes US$500m energy infrastructure fund
New Energy Capital Partners, LLC has held financial close for the New Energy Capital Infrastructure Credit Fund II, its fifth private equity fund and second fund focused exclusiv...
Read more -
February 11, 2019
Cubico Sustainable Investments agrees to acquire 580 MW solar portfolio in the USA
Cubico Sustainable Investments has announced that it has agreed to acquire five solar projects totalling 580 MW from Cypress Creek Renewables, located in South Carolina, North Carolina and Texas.
Read more -
February 11, 2019
GE consolidates renewable and grid assets into new Renewable Energy busines
GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company's renewable and grid assets into a single, simplified Renewa...
Read more -
February 11, 2019
Skyline Renewables buys 117 MW wind portfolio from NJR
NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources (NJR), today announced the sale of its remaining 117 megawatt (MW) wind portfolio, consisting of four wind...
Read more -
February 08, 2019
7X Energy sells 100-MW solar project in Texas to Duke Energy
7X Energy has announced the sale of the 100-MW Lapetus Solar Energy Project in Andrews County, Texas to Duke Energy Renewables. 7X, the original owner and developer, will transition the last sta...
Read more
