Macquarie Group portfolio company WCA Waste Corporation has purchased Automated Waste Services (AWS) for an undisclosed sum.
Macquarie fund Macquarie Infrastructure Partners II (MIP II) paid $525 million – or $6.50 per-share – for WCA in a transaction finalised in March 2012.
WCA, a ‘vertically nonintegrated, nonhazardous solid waste’ operation headquartered in Houston, had been publicly listed on the Nasdaq Composite Index.
The company in a press release praised AWS for its ‘local industry expertise’. Thirty-year-old Automated Waste is dedicated to providing solid waste, recycling and green waste collection in Missouri.
WCA Waste Corporation marked the second US waste management asset for Sydney, Australia-headquartered Macquarie. In 2008 Macquarie, using Macquarie Infrastructure Partners I (MIP I), bought Raleigh, North Carolina-based Waste Industries in a joint venture with Wall Street firm Goldman Sachs Group.
WCA named James Cowhey chief executive in January.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: