Environmental 360 Solutions has entered the US waste market for the first time, acquiring Marcotte Disposal Co. in Port Huron, Michigan.
The deal marks a milestone for the Aurora, Ontario-based company, which has built its business through acquisitions since its founding in 2018.
“The entry into the US represents a significant milestone in E360S’ long-term growth strategy and establishes the Company’s first operating platform in the United States,” said Donato Ardellini, founder and CEO of E360S, in a statement.
E360S serves more than 800,000 municipal, commercial and industrial customers across Alberta, British Columbia, Ontario, Quebec and Saskatchewan. It has completed nearly 90 acquisitions to date and is approaching $1 billion Canadian dollars in revenue, with plans to double the size of the business.
Majority ownership passed to a group of investors led by BlackRock Alternatives in 2023, through a fund managed by its Diversified Infrastructure business.
At the time of that deal, Mark Florian, BlackRock’s global head of diversified infrastructure, referred to the company’s contracted, non-discretionary revenue base and said the industry’s infrastructure, permitting requirements and increasing regulation create substantial barriers to entry for competitors.
Adi Blum, a managing director on BlackRock’s infrastructure team, cited room to grow E360S’ services alongside its traditional solid waste and environmental business.
“In addition to capital, BlackRock will provide E360S with the right strategic support to achieve its growth plans,” he said at the time. “There is significant white space to grow the company’s sustainability and circularity services, as well as continuing to grow in traditional solid waste and environmental services.”
Ardellini said the Marcotte acquisition is just the start of the company’s US push.
“We have identified numerous attractive markets and businesses that align with our long-term strategy, and we intend to continue scaling our North American footprint through disciplined acquisitions and organic growth,” he said.
Terms of the Marcotte transaction were not disclosed.
