Apollo-managed funds said on 12 May that they had acquired a majority interest in Noble Environmental, a Pittsburgh-based waste management company.
Why Apollo Global Management is buying Noble Environmental, Inc. (majority stake)
Apollo partners Scott Browning and Brad Fierstein said the combination of scarce permitted landfill assets, an integrated service offering and a growing renewable natural gas business creates a strong foundation for long-term value.
Deal terms and financing
Financial terms were not disclosed. The sale was run by a Strategic Alternatives Committee of Noble's board.
Market context
Founded in 2016, Noble serves municipalities and commercial customers with collection, hauling, transfer and disposal, and captures landfill gas for conversion into pipeline-quality fuel.
