BlackRock Alternatives acquires Environmental 360 Solutions

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BlackRock Alternatives acquires Environmental 360 Solutions

Ardellini added, “Having founded the Company, it was important to me that we partner with an organization with the same strong values as E360S as we sought resources to support our growth. It was clear at our first meeting with the BlackRock team that they would be a great fit with the culture that has been established at the Company, and I welcome their partnership as we continue to deliver against our strategy to build a leading, integrated North American provider of solid waste and environmental services.”

Mark Florian, Global Head of Diversified Infrastructure, BlackRock, said, “E360S provides critical, non-discretionary services that generate resilient cash flows, supported by contracts with inflation escalators. The Company’s infrastructure, key permits and scale alongside increasingly stringent regulation result in substantial barriers to entry. We look forward to partnering with Danny and E360S’ highly experienced management team to support the Company’s ongoing growth.”

Adi Blum, Managing Director, Diversified Infrastructure, BlackRock, said, “We are excited to invest on behalf of our clients in a company with the entrepreneurial spirit and growth trajectory of E360S. In addition to capital, BlackRock will provide E360S with the right strategic support to achieve its growth plans. There is significant white space to grow the Company’s sustainability and circularity services, as well as continuing to grow in traditional solid waste and environmental services.”

Source: Waste Advantage

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