August 3, 2021

Platinum Equity acquires the Urbaser group

The American investment fund Platinum Equity (25 billion dollars in assets with a portfolio of around 40 companies around the world) has announced that it has bought all of the Urbaser group’s activities from China Tianying (CNTY).

Urbaser is a global environmental management company present today in 25 countries and employing 50,000 people. Founded in 1990 and based in Madrid, Urbaser is present mainly in Spain, Chile, Argentina and France in three businesses: urban services (waste collection, street cleaning and water management), waste treatment municipal and industrial waste treatment. In a press release, she announced ” clean more than 8 million kilometers of streets, maintain 25 million m2 of green spaces, operate 133 waste treatment facilities for a total of 20 million tonnes treated, and produce 1,500 GWh of electrical energy from waste ».

Urbaser Environnement, the French subsidiary of the Urbaser group, is based in Montpellier (34) and provides services in the collection, cleaning and recovery of waste through the operation of household waste recovery units.

Urbaser Environnement achieved a consolidated turnover of 210 million euros in 2020 and employs 1,250 people on the French market. The company works in particular for the Aix-Marseille Provence, Montpellier or Nantes metropolitan areas, the agglomerations of La Rochelle or Grand Poitiers, the City of Paris, the Varennes-Jarcy (Essonne) treatment unions, the Paris agglomeration, or Calaisis.

“Real opportunities for external growth”

« Urbaser is a complete company, both a service provider and a major player in the preservation of the environment, says Tom Gores, Founder and CEO of Platinum Equity. It is perfectly suited to the Platinum Equity strategy. »

Igor Chacartegui, CEO of Platinum Equity, underlines “The fund’s desire to accelerate Urbaser’s growth, in particular through acquisitions in key geographic areas ».

José María López Piñol will continue to lead the Urbaser group as CEO.

« In view of Urbaser’s very dynamic position in France, the situation of the French environmental services market, which is currently in the process of restructuring with real opportunities for external growth, and the discussions held with Platinum Equity, it does not doubts that the Urbaser Group will continue to pay particular attention to the French market, making it one of the priority geographic sectors in its international development », Indicates Claude Saint-Joly, Chairman and CEO of Urbaser Environnement.