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Sale of Madrid-based environmental infrastructure platform follows multi-year transformation process LONDON, Sept. 22, 2026 /PRNewswire/ -- Platinum Equity announced today that the sale of Urbaser to Blackstone and EQT in a transaction valued at approximately $6.6 billion (€5.6 billion) has been completed. Urbaser is a global integrated environmental infrastructure platform specialized in the collection, management and treatment of municipal and industrial waste. The company serves more than 60 million people across the globe through a network of more than 38,000 employees. Headquartered in Madrid, Spain, Urbaser's core business comprises three segments: Urban Services (waste collection, street cleaning and water management), Municipal Waste Treatment, and Industrial Waste Treatment. Platinum Equity acquired Urbaser in October 2021 from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion). As part of the transaction, Platinum Equity has retained Urbaser's waste management business in Argentina which has been operating in the region for 30 years and generated approximately $90 million (€80 million) of EBITDA in 2025. "Urbaser today is a fundamentally different business than the one we acquired nearly five years ago," said Louis Samson, Co-President of Platinum Equity. "We assembled a deep and talented management team then worked together...
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