Macquarie Infrastructure and Real Assets (MIRA), via Macquarie Infrastructure Partners II (MIP II), announced that an agreement has been reached to sell WCA Waste Corporation (WCA) to GFL Environmental, Inc. (GFL). MIP II is a closed-end fund that is nearing the end of its fund term.

Founded in 2000, WCA provides solid waste collection, transfer, disposal and recycling services across 11 states in the Southeast and South-Central United States. MIP II acquired WCA through a take-private transaction in 2012, and since that time has supported WCA’s growth and operational improvements. Over the course of MIP II’s ownership, WCA executed on a business plan including the strategic divestiture of non-core assets to allow redeployment of capital to accretive core market opportunities, completing over 35 acquisitions during MIP II’s ownership.

WCA has also significantly increased its focus on ESG over MIP II’s ownership, and in 2018, published its first annual Sustainability Report, comprised of a comprehensive plan including CNG fleet expansion, leachate management, and other initiatives developed in conjunction with MIRA.