Platinum acquired the Madrid-based environmental services platform in October 2021 for approximately $4.2bn ('3.5bn). The sale reflects a multi-year transformation strategy focused on operational improvement, targeted M&A, and portfolio optimisation. Over the past five years, '1.6bn was invested through capex and acquisitions. The firm completed 20 add-on deals and divested 13 non-core divisions. Revenue rose by more than 60% and EBITDA by 70% since 2020. Backlog expanded by '3.0bn to over '15bn of revenues. 'With a seasoned management team in place alongside a focused strategic plan, the company has all the tools necessary for continued success in the next phase of its journey,' said Louis Samson, Co-President of Platinum Equity. 'Platinum Equity's partnership has been instrumental to our success,' said Urbaser CEO Fernando Abril-Martorell. 'Their operational and capital allocation support as well as strategic guidance helped sharpen our focus and enhance the efficiency and...
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