EQT Infrastructure and Blackstone Infrastructure to acquire Urbaser from Platinum Equity.

EQT Infrastructure and Blackstone Infrastructure, a privaye equity firms, agreed to acquire Urbaser, a global environmental services company specializing in waste collection, treatment, recycling, and street cleaning for municipalities and businesses, from Platinum Equity, a private equity firm. Financial terms were not dislcosed. EQT and Blackstone will each own 50% of Urbaser and jointly manage the company. The transaction is subject to customary conditions and approvals. "Urbaser has a long track record of partnering with municipalities and industrial clients to provide them with advanced waste treatment and collection infrastructure services. Together with Blackstone, we look forward to supporting Urbaser's management team and employees to continue to invest in the circular economy and create lasting value for society," Guillermo García-Barrero, EQT Infrastructure Partner.