EQT Infrastructure Agrees Deal for Waste Management Firm HES (1)

EQT AB has agreed to acquire a majority position in Heritage Environmental Services, a leading provider of industrial waste management solutions.

The Stockholm-headquartered investment firm is gaining control of HES from The Heritage Group via its EQT Infrastructure VI fund, according to a statement Monday that confirmed an earlier Bloomberg News report. Financial terms of the deal weren’t disclosed.

Founded in 1970, HES is the third-largest vertically integrated provider of industrial waste management in the US based on volumes, according to data from the US Environmental Protection Agency. The company, based in Indianapolis, operates 37 facilities and employs ...