Basalt Infrastructure Partners has announced plans to acquire Australian regional waste management platform JR Richards & Sons from owner Ken Richards. Financial terms were not disclosed.
JR Richards delivers essential waste collection, recycling and processing services to municipal, commercial and industrial customers. The company operates a vertically integrated platform composed of depots, transfer stations and 12 processing facilities strategically located across regional New South Wales.
“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,” said John Hanna, managing partner at Basalt. “We look forward to working closely with the company’s experienced management team and employees to support the next phase of growth.”
