EQT Infrastructure Closes Sale of Synagro to Goldman Sachs Unit

Synagro Technologies, Inc., the preeminent provider of biosolids and residuals solutions services in North America, has announced the closing of its sale by EQT Infrastructure to West Street Infrastructure Partners III, an infrastructure investment fund managed by Goldman Sachs Merchant Banking Division.

Founded in 1986 and headquartered in Baltimore, Maryland, Synagro is the leading provider of wastewater biosolids solutions in North America. Synagro provides essential biosolids treatment solutions, turning a waste stream into fertilizer products for more than 800 municipal and industrial customers across 35 states. Synagro manages in excess of 14 million tons of biosolids annually across its portfolio of 24 specialized treatment facilities and the industry’s largest permitted beneficial use land base.

Under EQT Infrastructure’s ownership, Synagro developed into the industry leading wastewater biosolids solutions platform in North America with the industry’s largest wastewater biosolids treatment facility footprint, broadest network of permitted disposal solutions and most comprehensive environmental services offering. With its data driven and local approach, Synagro has solidified its position as a trusted partner for municipalities and industrial customers helping to protect the water, air and soil quality of the local communities in which Synagro operates.

Morgan Stanley & Co. LLC acted as financial advisor and Weil, Gotshal & Manges LLP as legal advisor to EQT Infrastructure.

Source: Yahoo Finance