Solid waste and recycling companies completed a series of mergers and acquisitions throughout 2020 despite economic disruptions from COVID-19-related shutdowns.
Following the first wave of uncertainty as COVID hit the United States in Q1, Michael E. Hoffman, Stifel s managing director, told
Waste360 readers about the possible economic repurcussions.
“There will be negative consequences to this economy, and companies need to understand what they are buying because some commercial customers may not survive this,” he said. “In some cases, owners of businesses will say they were near the end and are not going to restart, and there are some that possibly wouldn’t have survived anyway. This situation has just accelerated that decision.”
Wheelabrator Technologies Inc. will sell Wheelabrator U.K. to the European Diversified Infrastructure Fund III SCSp, an infrastructure fund managed by First Sentier Investors. The transaction is expected to complete in early 2021.
Wheelabrator U.K. is an integral part of the U.K.’s environmental infrastructure, diverting waste from landfills or export to continental Europe to provide residents and businesses with local, sustainable disposal of non-recyclable solid waste while creating renewable energy.
Dec 18, 2020
PORTSMOUTH, N.H. Wheelabrator Technologies Inc. ( Wheelabrator Technologies ) announced that it has entered into an agreement to sell WTI / EFW Holdings (“Wheelabrator U.K.”) to the European Diversified Infrastructure Fund III SCSp (“EDIF III”), an infrastructure fund managed by First Sentier Investors (“FSI”). The transaction is expected to complete in early 2021.
Wheelabrator U.K. is the largest pure play waste-to-energy business in the U.K. and is a developer, owner and operator of strategically located waste-to-energy facilities, with seven waste-to-energy facilities in operation and advanced development. Wheelabrator U.K. is an integral part of the U.K.’s environmental infrastructure, diverting waste from landfills or export to continental Europe to provide residents and businesses with local, sustainable disposal of non-recyclable solid waste while creating renewable energy.
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PORTSMOUTH, N.H., Dec. 17, 2020 /PRNewswire/ Wheelabrator Technologies Inc. ( Wheelabrator Technologies ) announced today that it has entered into an agreement to sell WTI / EFW Holdings ( Wheelabrator U.K. ) to the European Diversified Infrastructure Fund III SCSp ( EDIF III ), an infrastructure fund managed by First Sentier Investors ( FSI ). The transaction is expected to complete in early 2021.
Wheelabrator U.K. is the largest pure play waste-to-energy business in the U.K. and is a developer, owner and operator of strategically located waste-to-energy facilities, with seven waste-to-energy facilities in operation and advanced development. Wheelabrator U.K. is an integral part of the U.K. s environmental infrastructure, diverting waste from landfills or export to continental Europe to provide residents and businesses with local, sustainable disposal of non-recyclable solid waste while creating renewable energy.