M&A Deal Summary

Macquarie Infrastructure and Real Assets Acquires Wheelabrator Technologies

On October 2, 2018, infrastructure investor Macquarie Infrastructure and Real Assets acquired energy services and equipment company Wheelabrator Technologies from ECP

Acquisition Highlights
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in the Energy Services and Equipment sector.
  • This is Macquarie Infrastructure and Real Assets’ 4th transaction in the United States.
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in New Hampshire.

M&A Deal Summary

Date 2018-10-02
Target Wheelabrator Technologies
Sector Energy Services and Equipment
Buyer(s) Macquarie Infrastructure and Real Assets
Sellers(s) ECP
Deal Type Secondary Buyout
Advisor(s) Credit Suisse Investment Banking
UBS Investment Bank (Financial)
Latham & Watkins (Legal)

Target

Wheelabrator Technologies

Hampton, New Hampshire, United States
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

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 10 of 20
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 2 of 4
State (New Hampshire) 1 of 1
Country (United States) 4 of 9
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 ADT Korea

Seoul, South Korea

ADT Korea is a provider of advanced security solutions in Korea, serving more than 427,000 customers through a network of 69 branches nationwide. The business provides central monitoring services, with video surveillance and dispatch, access control and other customized security solutions as well as guarding services. The business is headquartered in Seoul, Korea, with approximately 7,500 employees.

Buy ₩3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Bluebird Network

Columbia, Missouri, United States

Bluebird Network LLC is a telecommunications company providing high bandwidth network solutions within rural and urban areas throughout the Midwest, focusing on connecting rural areas to major cities. The company provides a wide variety of network services to enterprise and carrier customers.

Buy -

Seller(S) 1

SELLER

ECP

Investor Investor Investor Investor Investor


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 17 of 24
Sector (Energy Services and Equipment) 7 of 7
Type (Secondary Buyout) 3 of 4
State (New Hampshire) 1 of 1
Country (United States) 17 of 22
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Gopher Resource

Eagan, Minnesota, United States

Gopher Resource is a technologically-advanced secondary lead processor that recycles lead-acid batteries and other lead bearing materials, with a majority of the refined lead being used in automotive and industrial batteries. Additionally, the company recycles polypropylene from battery casings through its subsidiary, Resource Plastics. Gopher Resource employs more than 300 people and is headquartered in Eagan, Minnesota with an additional facility in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 NESCO

Bluffton, Indiana, United States

NESCO LLC offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks, and rail systems. With a nationwide rental fleet of approximately 4,000 units.

Sell -