Platinum Equity completes $6.6bn sale of Urbaser to Blackstone and EQT
Platinum Equity has completed the sale of Urbaser, an environmental infrastructure platform, to Blackstone and EQT in a transaction valued at approximately $6.6 billion. Urbaser specializes in the collection, management and treatment of municipal and industrial waste.
## Platinum Equity Completes Urbaser Sale to Blackstone and EQT
Platinum Equity has finalized the sale of Urbaser, a significant environmental infrastructure platform based in Madrid. The transaction involved the acquisition of Urbaser by Blackstone and EQT, with the deal valued at approximately $6.6 billion.
Urbaser is recognized for its comprehensive services in the environmental sector, focusing on the collection, management, and treatment of both municipal and industrial waste. The company serves over 60 million individuals globally and employs more than 38,000 personnel. Its operational framework is divided into three primary segments: Urban Services, which encompasses waste collection, street cleaning, and water management; Municipal Waste Treatment; and Industrial Waste Treatment.
Platinum Equity initially acquired Urbaser in October 2021 from China Tianying. That acquisition was valued at approximately $4.2 billion. During Platinum Equity’s ownership period, Urbaser pursued an active growth strategy.
Under Platinum Equity