ECP To Sell Wheelabrator Technologies To Macquarie Infrastructure Partners
Energy Capital Partners ("ECP") has entered into a definitive agreement to sell Wheelabrator Technologies Inc. ("Wheelabrator", or "the Company"), an owner and operator of waste-to-energy ("WtE") facilities, to Macquarie Infrastructure Partners ("MIP"), which operates within the Macquarie Infrastructure and Real Assets ("MIRA") division of Macquarie Group. MIP will make the investment through one of its managed funds.
Wheelabrator currently has a platform of 26 assets located in the U.S. and the U.K., including 19 WtE facilities (three under construction), three independent power plants and four ash monofills.
The transaction is subject to Federal Energy Regulatory Commission, Committee on Foreign Investment in the United States, Federal Communications Commission and New Jersey Department of Environmental Protection approvals and other customary closing conditions, and is expected to close in Q1 2019.