February 13 (Renewables Now) - Infrastructure investor Macquarie Infrastructure Partners (MIP) has acquired US waste-to-energy plants operator Wheelabrator Technologies Inc and its fleet of 19 operational and under-construction assets.
MIP, which is part of Australia’s Macquarie Group (ASX:MQG), has bought the US group from funds managed by Energy Capital Partners, Wheelabrator said on Tuesday. The value of the transaction was not provided.
In addition to waste-to-energy, Wheelabrator delivers waste disposal solutions and also offers ash management and metals recovery and recycling services. With operations in the US and the UK, Wheelabrator owns a total of 25 assets, 19 of which are waste-to-energy plants.
Following the sale, which has been cleared by the US Federal Energy Regulatory Commission and other regulators, Wheelabrator will remain focused on its strategy “to develop, deliver and realize the potential of clean energy,” said its president and CEO Robert Boucher.
Credit Suisse and UBS Investment Bank acted as Wheelabrator’s financial advisors in the deal, while Greentech Capital Advisors and RBC Capital Markets provided financial counsel to MIP.