Apollo announced its managed funds have acquired a majority interest in Noble Environmental, a vertically integrated waste management company serving the Northeast, Mid‑Atlantic, and Midwest regions of the United States. The investment supports a platform that spans solid waste collection, hauling, transfer, and disposal, as well as a growing renewable natural gas business that converts landfill gas into pipeline‑quality fuel.
Noble Environmental, founded in 2016 and headquartered in Pittsburgh, operates a network of landfills, transfer stations and hauling operations that provide essential long‑life infrastructure to the communities it serves.
Apollo highlighted Noble Environmental’s combination of scarce, permitted landfill assets and a fully integrated service offering as a compelling foundation for long‑term value creation. The firm said the company’s expanding RNG capabilities further strengthen its strategic position as demand grows for sustainable waste‑to‑energy solutions. Apollo noted that the investment aligns with its long history of backing essential service businesses and partnering with management teams to scale operationally resilient platforms.
Noble Environmental said the partnership will support its mission to build a leading regional waste management business through disciplined operations and strategic growth. The company emphasized that Apollo’s experience, resources and long‑term orientation will help accelerate its expansion while continuing to deliver reliable services to municipalities and commercial customers.
Support
Latham & Watkins LLP served as legal counsel to the Apollo Funds, while Guggenheim Securities advised the Strategic Alternatives Committee of Noble Environmental’s Board of Directors and Vinson & Elkins LLP served as the Committee’s legal counsel.
KEY QUOTES:
“Noble Environmental has built a differentiated platform in one of the most attractive waste markets in the country. The combination of scarce, permitted landfill assets, a fully integrated service offering and a growing RNG business creates a compelling foundation for long‑term value creation. Apollo has a long history of investing in essential service businesses, and we look forward to partnering with the Company’s management team to expand Noble Environmental’s platform and build on its strong foundation.”
Scott Browning and Brad Fierstein, Partners at Apollo
“Since inception, Noble Environmental’s goal has been to build a leading waste management business that delivers for the communities we serve while creating lasting value through disciplined operations and strategic growth. Apollo shares that vision, and their experience and resources will be invaluable as we continue to execute on our vision to grow the business.”
David Florance, President and COO of Noble Environmental
If you want, I can now generate an alternate headline, a shorter version, or a more investor‑focused version.
