BlackRock Alternatives has acquired a majority interest in Environmental 360 Solutions.
This partnership represents the next stage of the Company's evolution. E360S offers important, non-discretionary services that create stable cash flows and are backed up by contracts with inflation escalators.
BlackRock has acquired equity interests from the Company's key institutional investors, including Almada Inc. (Almada). BlackRock has also acquired the interests of Oaktree Capital Management L.P. (Oaktree) and OPSEU Pension Plan Trust Fund (OPTrust).
The transaction intends to build a leading, integrated North American provider of solid waste and environmental services. The financial terms of the transaction are not disclosed.