macquarie infrastructure partners wheelabrator

Wheelabrator touts itself as the pioneer of WTE in the U.S., with an initial Massachusetts facility in 1975, and is the second-largest WTE operator in the U.S. market. Media Contact:Julia Watsford Vice President, Corporate Strategy & Market Planning 603.929.3347 comms@wtienergy.com. On October 1 st, 2018, Energy Capital Partners (“ECP”) announced it had entered into a definitive agreement to sell Wheelabrator Technologies, Inc. (“Wheelabrator”, or “the Company”), a leading owner and operator of waste-to-energy facilities, to Macquarie Infrastructure Partners (“MIP”), which operates within the MIRA division of Macquarie Group 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. Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, today announced the final close of Macquarie Infrastructure Partners IV (MIP IV) after reaching its $5 billion hard cap in December 2018. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . The city could become one of the nation's largest to lose curbside recycling service following failed negotiations with Pratt Industries and Republic Services. We look forward to working together in the years ahead to ensure Wheelabrator’s continued success,” said Karl Kuchel, CEO of MIP. Wheelabrator currently has a platform of 25 strategically located assets across the U.S. and U.K. —19 waste-to-energy facilities (three under construction), two waste fuel facilities as well as four ash monofills. The deal has received all necessary regulatory approvals. Wheelabrator provides critical waste disposal solutions for local communities and delivers baseload, renewable energy to residential and commercial customers. At the time, any IPO announcement was said to still be months away. 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. The deal was signed last week by Macquarie Infrastructure Partners (MIP) on Tuesday (2 October), following the US private equity fund’s launch of a dual-track sale process earlier this year. MIP operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. Follow Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Macquarie Infrastructure Corporation owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the U.S. Greentech Capital Advisors and RBC Capital Markets served as financial advisors to MIP and Kirkland & Ellis served as legal counsel. TRANSACTION OVERVIEW. Macquarie Infrastructure Partners Completes Acquisition of Wheelabrator Technologies Inc. From Energy Capital Partners PORTSMOUTH, N.H. — (February 12, 2019) — Macquarie Infrastructure Partners (”MIP”) and Wheelabrator Technologies Inc. (“Wheelabrator”) announced today that MIP, acting through one of its Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$129 billion of total assets under management as of September 30, 2018. Acquirer Name . Public companies are increasing their focus on diversity and inclusion, from the frontlines to the boardroom, following national attention on racism. Wheelabrator is an industry leader in the safe and eco-friendly conversion of municipal solid waste and other renewable waste fuels Acquired by Macquarie Infrastructure Partners 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 … PORTSMOUTH, New Hampshire, Feb. 12, 2019 /PRNewswire/ -- Macquarie Infrastructure Partners ("MIP") and Wheelabrator Technologies Inc. ("Wheelabrator") announced today that … However, this deal could also come with some level of potential expense. We look forward to working together in the years ahead to ensure Wheelabrator's continued success," said Karl Kuchel, CEO of MIP, in a press release.Â. List of Macquarie Infrastructure Partners 's 4 Acquisitions, including Cincinnati Bell and Wheelabrator Technologies. For more information, visit www.ecpartners.com. Macquarie unit snaps up US waste-to-energy group Wheelabrator Image by: Wheelabrator Technologies (www.wtienergy.com). Topics covered: recycling, landfills, collections, organics diversion, waste-to-energy, and much more. Macquarie Infrastructure and Real Assets is a business division within the Macquarie Asset Management group of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. PORTSMOUTH, N.H. — February 12, 2019 — Macquarie Infrastructure Partners (”MIP”) and Wheelabrator Technologies Inc. (“Wheelabrator”) announced today that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners (“ECP”). "We are very pleased to partner with Wheelabrator and its management team to continue to provide high-quality waste-to-energy services in the communities that Wheelabrator serves. The free newsletter covering the top industry headlines, By Cole Rosengren and Gloria Gonzalez •, "We are very pleased to partner with Wheelabrator and its management team to continue to provide high-quality waste-to-energy services in the communities that Wheelabrator serves. Federal Energy Regulatory Commission, Committee on Foreign Investment in the United States, Federal Communications Commission and New Jersey Department of Environmental Protection, among other conditions. 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. Wheelabrator is a leading owner and operator of waste-to-energy (WtE) facilities. 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. About Macquarie Infrastructure and Real Assets. Discover announcements from companies in your industry. 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. "We are very pleased to partner with Wheelabrator and its management team to continue to provide high-quality waste-to-energy services in the communities … The Company offers financing, asset management, research, trading, and other financial services. Private-equity firm Energy Capital Partners on Tuesday said it agreed to sell Wheelabrator Technologies Inc. to Macquarie Infrastructure Partners, scrapping plans for … Nearly 74% of sector executives or senior managers are White males, per federal data. Were the diversity promises of the summer for the long haul? Wheelabrator confirmed to Waste Dive that prior plans for an IPO have been cancelled as a result. Subscribe to Waste Dive to get the must-read news & insights in your inbox. MIP, which operates within the Macquarie Infrastructure and Real Assets division (MIRA) of Australia Wheelabrator also recovers metals for recycling at two advanced metals recovery systems and is in the process of developing a central upgrade facility. 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. Wheelabrator is an owner and operator of waste-to … 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. Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. just announced that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator … Macquarie Infrastructure Partners (MIP) is aiming to kickstart the sale of waste management company Wheelabrator's power plants in the UK in September, two sources with knowledge of the matter said. MIP operates within the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group. Energy Capital Partners Signs Definitive Agreement for sale of Wheelabrator Technologies Inc. to Macquarie Infrastructure Partners News provided by Wheelabrator Technologies 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. Wheelabrator remains focused on executing our strategy, our priorities and our vision—to develop, deliver and realize the potential of clean energy. Macquarie Infrastructure Partners (MIP) is aiming to kickstart the sale of waste management company Wheelabrator's power plants in the UK in September, two sources with knowledge of the matter said. 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 company also continues to face community tension around facilities in Maryland, Massachusetts and elsewhere, which may lead to new capital costs in the future. I would like to thank the entire team at Wheelabrator for its efforts during the sale process and over the last few months to ensure a smooth transition.”. Energy Capital Partners is a private equity and credit investment firm with ~$19 billion in capital commitments.

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