M&A Deal Summary

ECP Acquires Wheelabrator Technologies

On July 29, 2014, private equity firm ECP acquired energy services and equipment company Wheelabrator Technologies from Waste Management for 1.9B USD

Acquisition Highlights
  • This is ECP’s 11th transaction in the Energy Services and Equipment sector.
  • This is ECP’s 4th largest (disclosed) transaction.
  • This is ECP’s 32nd transaction in the United States.
  • This is ECP’s 1st transaction in New Hampshire.
Investment Fate
  • Wheelabrator Technologies was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2014-07-29
Target Wheelabrator Technologies
Sector Energy Services and Equipment
Buyer(s) ECP
Sellers(s) Waste Management
Deal Type Divestiture
Deal Value 1.9B USD

Target

Wheelabrator Technologies

Hampton, New Hampshire, United States
website
Wheelabrator Technologies Inc. is a provider in the safe and environmentally sound conversion of municipal solid waste - and other renewable waste fuels - into clean energy. Wheelabrator Technologies was founded in 1908 and is based in Hampton, New Hampshire.

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Buyer(S) 1

Buyer

ECP

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.


DEAL STATS #
Overall 33 of 48
Sector (Energy Services and Equipment) 11 of 14
Type (Divestiture) 7 of 8
State (New Hampshire) 1 of 1
Country (United States) 32 of 46
Year (2014) 4 of 5
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Furie Operating Alaska

League City, Texas, United States

Furie Operating Alaska, LLC focuses on the exploration and production of natural gas and oil in the Cook Inlet region of Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Cardinal Gas Storage Partners

Houston, Texas, United States

Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. Cardinal Gas believes that the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. Cardinal currently operates both salt cavern and depleted reservoir gas storage facilities. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC

Sell $120M

Seller(S) 1

SELLER

Waste Management

Houston, Texas, United States

website


Category Company
Founded 1987
Sector Environmental
Employees48,250
Revenue 19.7B USD (2022)
DESCRIPTION
Entrance to Waste Management's corporate headquarters in the First City Tower in downtown Houston, Texas.
Entrance to Waste Management's corporate headquarters in the First City Tower in downtown Houston, Texas.

Waste Management is a provider of comprehensive waste management and environmental services in North America. The company operates a network of waste collection, recycling, and disposal facilities that serve residential, commercial, and industrial customers across the United States and Canada. Waste Management's services include garbage and recycling collection, hazardous waste disposal, landfill management, and renewable energy production. Waste Management was founded in 1987 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 5 of 5
State (New Hampshire) 1 of 1
Country (United States) 3 of 3
Year (2014) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 EC Waste

Humacao, Puerto Rico

EC Waste is a fully integrated waste management company that collects, transfers, and disposes of non-hazardous waste. EC Waste is based in Humacao, Puerto Rico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Deffenbaugh Industries

Kansas City, Kansas, United States

Deffenbaugh Industries, Inc. is a refuse company. Deffenbaugh services include commercial, industrial and residential waste disposal and recycling, construction waste services and portable toilet services.

Buy -