Basalt Infrastructure Partners to acquire JR Richards.

Basalt Infrastructure Partners, a private equity firm, agreed to acquire JR Richards, a provider of waste and recycling services for commercial and domestic customers. Financial terms were not disclosed. “Basalt is delighted to enter the Australian infrastructure market through the acquisition of JR Richards, a leading and trusted regional waste management platform. With strategically located facilities, an extensive fleet and long‑term municipal partnerships, JR Richards is well placed to benefit from favorable regulatory momentum encouraging higher resource recovery and organics diversion. We look forward to working closely with the company’s experienced management team and employees to support the next phase of growth,” John Hanna, Basalt Managing Partner.