Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. announced that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners. MIP operates within the Macquarie Infrastructure and Real Assets 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 (3 under construction), 2 waste fuel facilities and 4 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.
Published in the March 2019 Edition