Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies have announced that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners (ECP).
MIP operates within the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group.
Wheelabrator is an owner and operator of waste-to-energy (WtE) facilities. Wheelabrator provides critical waste disposal solutions for local communities and delivers baseload, renewable energy to residential and commercial customers. Wheelabrator currently has a platform of 25 strategically located assets located in the United States and the United Kingdom, including 19 WtE facilities (three under construction), two waste fuel facilities and four ash monofills.
Credit Suisse and UBS Investment Bank served as financial advisers to Wheelabrator on the sale, and Latham & Watkins served as legal counsel. Greentech Capital Advisors and RBC Capital Markets served as financial advisers to MIP, and Kirkland & Ellis served as legal counsel.
