3i: partners with EC Waste to support the growth of the company
3i partners with EC Waste to support the growth of the company
3i Group plc (“3i”) today announced the closing of a majority investment in EC Waste, the largest vertically integrated provider of solid waste management services in Puerto Rico. The company’s management team will invest alongside 3i and operations will not be affected by the transaction.
With locations across Puerto Rico, EC Waste provides multiple waste management services to over 80,000 residential, commercial and industrial customers. The company operates four conveniently located, EPA-compliant disposal sites, allowing EC Waste to serve all of Puerto Rico in an environmentally responsible manner. Additionally, the company operates two transfer stations, operates the island’s largest solid waste collection network, and hosts what will be Puerto Rico’s largest renewable natural gas collection project at its El Coqui facility. .
EC Waste has sufficient capacity to meet the needs of the entire island for decades to come, as communities and businesses consider moving away from non-compliant suppliers and opting for disposal options. authorized and fully compliant waste. In addition, the company has made significant investments in its infrastructure and operating technology to improve performance and position the company for future growth.
Rob Collins, Managing Partner, 3i North American Infrastructure, commented: âThis is the third platform investment for our North American infrastructure business, after Smarte Carte and Regional Rail. EC Waste has a proven track record of providing premier services to the communities it operates throughout the island. We are excited to help management develop the company’s sustainable waste management practices, including the expansion of its compliant disposal operations and renewable natural gas collection activities.
Randy Jensen, CEO of EC Waste, added, âWe look forward to working with 3i to further position EC Waste as a leading and sustainable provider of solid waste management services in Puerto Rico. With its long-term investment horizon, 3i is the ideal partner as we seek to expand our operations in support of the island’s environmental and sustainability goals. ”
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For more information, contact:
3i Group plc
Catherine van der Kroft
Phone. : +44 20 7975 3285
Email: [email protected]
Phone: +44 20 7975 3021
Email: [email protected]
About Group 3i
3i is a leading international investment manager focused on private equity and mid-sized infrastructure. Its main investment markets are Northern Europe and North America. For more information, visit: www.3i.com
About EC waste
EC Waste is the largest vertically integrated provider of solid waste management services on the island of Puerto Rico. The company operates the island’s largest network of waste collection operations, two transfer stations and four waste disposal sites, serving more than 80,000 customers per year. EC Waste is the largest owner and operator of RCRA Subtitle D compliant waste disposal sites and is committed to providing superior, environmentally friendly service to our customers.
This transaction involved a recommendation from 3i Corporation, a 100% American subsidiary of the 3i group.