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14 January 2020
BUSINESS

Arcapita acquires controlling stake in American waste management firm

The waste management firm’s business model is asset-light, technology-driven and highly cash generative.

The company operates across various business segments/Shutterstock

by Kudakwashe Muzoriwa

Bahrain’s Arcapita, a global investment firm, has acquired a controlling interest in US-based Waste Harmonics, a waste management firm that caters blue-chip clients throughout North America.

Atif A. Abdulmalik, the Chief Executive Officer of Arcapita, said, “Through our investment strategy, Arcapita aims to help grow Waste Harmonics’ suite of services and customer base by enabling the company to provide nationwide blue-chip clients with mission-critical business services.”

Waste Harmonics was founded in 2001 and is one of the largest managed waste services companies in the US and the company delivers waste collection services across the US, Canada, Puerto Rico and Guam.

The company operates across various business segments and has a platform that provides consolidated waste collection and coordination, recycling and sustainability optimisation as well as compliance reporting and waste stream auditing.


RELATED STORIES: Arcapita Waste Harmonics


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