Triumvirate Environmental valued at $1.8 bln after investment
Adds investment details in paragraph 3 and 4, background in paragraph 6
Feb 4 (Reuters) - Commercial waste management company Triumvirate Environmental said on Tuesday it was valued at $1.8 billion after an investment from private equity firm Berkshire Partners, alongside its CEO and founder, John McQuillan.
The partnership will allow Triumvirate to expand into new regions, add new service lines and enhance its technology capabilities, the Massachusetts-based company said.
The company will establish a broad-based employee ownership program as part of Berkshire's investment.
Triumvirate, which provides sustainable solutions for handling hazardous and other regulated waste to industries including life sciences, healthcare, education and industrial, did not disclose other financial terms of the deal.
Raymond James advised Triumvirate on the deal, while Stifel consulted with Berkshire.
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