Investment Fund Agrees to Acquire WCA Waste

WCA Waste Corp., headquartered in Houston, has entered into an agreement and plan of merger with the private equity firm Macquarie Infrastructure Partners II (MIP II). Under terms of the agreement, MIP II will acquire WCA for about $526 million.

WCA’s operations consist of 25 landfills, 29 transfer stations and 29 collection operations. The company services customers in 14 states in the Southeast and Midwest.

"We are excited about the company that we have built to date and are pleased to be partnering with MIP II as we enter into our next phase of growth," says Tom Fatjo Jr., WCA's chairman and CEO. "Macquarie Group has a demonstrated track record in the waste management sector. Our employees and customers will benefit from their operational knowledge and should not see any impact on day-to-day services. Our investors will also benefit as this transaction provides an excellent opportunity to realize value."

"The acquisition of WCA represents an attractive opportunity for Macquarie Infrastructure Partners II," says Christopher Leslie, CEO of MIP II. "The management team at WCA has done an excellent job in building successful operations across many geographies. This acquisition will leverage our existing industry knowledge and help us to expand and diversify MIP II's North American portfolio."

The transaction is expected to be completed in the first quarter of 2012.