Global infrastructure investment manager Squared Capital, through its ISQ Global Infrastructure Fund III, is to acquire Enva, an environmental services platform providing specialised, and regulated waste management services in the UK and Ireland.
The deal is part of I Squared’s investment strategy to build a diverse portfolio of waste processing and recycling, industrial waste-to-energy, and wastewater treatment assets in the Americas, Europe, and Asia-Pacific. That portfolio also includes US-based VLS Environmental Solutions and Australia-based Soilco, as well as an industrial-waste-to-energy plant in Taiwan and multiple wastewater treatment facilities in China.
Enva conducts waste collection, processing, and resource recovery at 34 facilities across the UK and Ireland, serving more than 20,000 industrial, energy, automotive, and other customers. The company focuses on waste streams with complex technical and regulatory characteristics, requiring specialised expertise and licenses.
