Macquarie Asset Management (MAM) has acquired majority ownership of Florida-based Coastal Waste & Recycling.
The acquisition is aimed at accelerating Coastal’s growth. Operations and existing services are expected to remain the same, with CEO Brendon Pantano continuing in his role.
“Coastal’s leadership in solid waste collections and recycling and focus on a diversion-led business model with high quality service positions the company well to meet the waste management and sustainability expectations of the communities in which Coastal operates,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners, in a statement. “We look forward to partnering with the Coastal management team to support the next stage of the company’s growth.”
