Macquarie Asset Management has agreed to acquire Beauparc Utilities, a recycling and processing-led waste-to-resource business based in Ireland.
Through the Macquarie European Infrastructure Fund 6, Macquarie will acquire Beauparc from founder Eamon Waters and Blackstone Tactical Opportunities Fund.
Beauparc holds a market-leading position across Ireland and a significant growing presence in the UK and the Netherlands. Its portfolio of waste management services generates value from waste by processing materials from collectors, including its own residential and commercial collection business, towards reusable products and supplying waste to cement kilns and energy-from-waste facilities.
“Over 30 years, it has been an honour to see Beauparc grow from a two-person operation in Ireland to a business which employs more than 2,300 people across three markets,” said Waters.
“Our team has worked tirelessly to build the trust of our clients and the communities we serve. We are pleased to have found a new owner to shape the next chapter of Beauparc’s growth story.”
Beauparc-owned businesses serve more than 34,000 residential, commercial, electricity and gas customers across a portfolio of 40 waste facilities. These plants process more than three million tonnes of waste annually.
The company is seeking to increase the amount of recyclable waste through significant investments in anaerobic digestion, soil restoration, and plastics recycling.
Leigh Harrison, head of Macquarie Infrastructure and Real Assets, said: “We see a significant opportunity to build on Beauparc’s strong reputation in the sector, investing to support the growth of the circular economy through projects that divert waste from landfill.
“We look forward to partnering with its team to support Beauparc’s long-term growth plans, maintaining its strong focus on customers, health and safety, and sustainability.”