I Squared Capital, a leading global infrastructure investment manager, announced today that it has signed a definitive agreement to acquire Enva, an environmental services platform that provides mission-critical, highly specialized, and regulated waste management services in the United Kingdom and Ireland, through its ISQ Global Infrastructure Fund III.
The acquisition of I Squared complements the company’s environmental infrastructure strategy, which aims to establish a comprehensive portfolio of waste processing and recycling, industrial waste-to-energy, and wastewater treatment assets in the Americas, Europe, and Asia-Pacific.
This portfolio also includes VLS Environmental Solutions of the United States and Soilco of Australia, as well as an industrial waste-to-energy facility in Taiwan and various wastewater treatment facilities in China.
Enva collects, processes, and recovers trash at 34 locations in the UK and Ireland, serving over 20,000 industrial, energy, automotive, and other customers.
The company specializes in waste streams with complicated technical and regulatory characteristics that necessitate specialist knowledge and licensing.
Enva helps its customers accomplish their sustainability goals while earning cash from waste streams that would otherwise be considered a liability by limiting the possible negative impacts of trash and focusing on the development and marketing of a range of low-CO2 waste-derived goods.
I Squared Capital is an independent global infrastructure manager with over $37 billion in assets under management, with a concentration on North America, Europe, Asia, and Latin America. The firm, headquartered in Miami, employs over 215 people across offices in Miami, Hong Kong, London, New Delhi, Singapore, Taipei, and Sydney.
I Squared Capital has invested in 72 companies in 59 countries, employing over 27,000 people in the utilities, energy, digital infrastructure, transportation, environmental infrastructure, and social infrastructure sectors, which provide essential services to millions of people worldwide.
