Apollo announced that Apollo-managed funds have acquired a majority interest in Noble Environmental, Inc., a vertically integrated waste management platform headquartered in Pittsburgh, Pennsylvania. Founded in 2016, Noble Environmental is a regional leader in waste management across the Northeast, Mid-Atlantic and Midwest United States, providing integrated services spanning solid waste collection, hauling, transfer and disposal to municipalities and commercial customers, alongside a growing RNG business that captures and converts landfill gas into pipeline-quality fuel. The Company鈥檚 portfolio of landfills, transfer stations and hauling operations represent long-life hard assets that provide essential services to the communities served by Noble Environmental.
Scott Browning and Brad Fierstein, Partners at Apollo, said, 鈥淣oble Environmental has built a differentiated platform in one of the most attractive waste markets in the country. The combination of scarce, permitted landfill assets, a fully integrated service offering and a growing RNG business creates a compelling foundation for long-term value creation. Apollo has a long history of investing in essential service businesses, and we look forward to partnering with the Company鈥檚 management team to expand Noble Environmental鈥檚 platform and build on its strong foundation.鈥�
David Florance, President and Chief Operating Officer of Noble Environmental, said, 鈥淪ince inception, Noble Environmental鈥檚 goal has been to build a leading waste management business that delivers for the communities we serve while creating lasting value through disciplined operations and strategic growth. Apollo shares that vision, and their experience and resources will be invaluable as we continue to execute on our vision to grow the business.鈥�