Environmental Business Journal, Climate Change Business Journal, Environmental Industry Research Reports, Climate Change Industry Research Reports, Segment and Market Data Packs, EBI Primary Research Survey Results, Newsletters, Subscriptions

   Macquarie Infrastructure Partners II (MIP II), a fund of the global investment firm Macquarie Group (Sydney, Australia), and solid waste management firm WCA Waste Corp. (Houston, TX) have reached an agreement under which MIP II will acquire WCA Waste’s outstanding shares for $6.50 per share and redeem all Series A preferred stock in a transaction values at approximately $526 million. The transaction terms value WCA Waste’s stock at a premium of 30% over the closing price on December 20, the day before the proposed deal was announced. “The acquisition of WCA represents an attractive opportunity,” said Christopher Leslie, CEO of MIP II, which along with Goldman Sachs took Waste Industries USA Inc. private in 2007. “This acquisition will leverage our existing industry knowledge and help us to expand and diversify MIP II’s North American portfolio.” WCA Waste has 25 landfills, 29 transfer stations, and 29 collection operations in 14 states. According to Waste Age magazine, New York City-based law firm Faruqi & Faruqi, LLP has launched an investigation to probe whether WCA Waste’s directors failed to conduct fair review process before striking the agreement with MIP II.