- Funds managed by Blackstone and EQT, two globally leading infrastructure investors, have announced the signing of an agreement to acquire Urbaser.
- Platinum Equity has been a flagship partner of Urbaser in recent years, driving the company’s investment and growth in key markets.
- With this transaction, Urbaser and its management team will continue to execute its strategic plan and invest in environmental solutions for its customers.
Madrid, 12 February 2026 – Urbaser is pleased to announce that its shareholder Platinum Equity has signed an agreement to sell its stake to funds managed by leading infrastructure investors Blackstone Infrastructure and EQT. With this transaction, Urbaser will continue to execute its strategic plan and thus begin a new phase of growth.
Since the acquisition by Platinum, the company has invested over 1.6 billion euros and grown by more than 60%. This growth in key markets has been accompanied by a transformation of the company and a commitment to best practices in its operations.
Blackstone and EQT will drive the development of Urbaser’s strategic plan and enable its management team to continue investing in the circular economy and execute the company’s next phase of growth.
Guillermo García-Barrero, Partner at EQT Infrastructure, said: “Urbaser has a long track record of partnering with municipalities and industrial clients to provide them with advanced waste treatment and collection infrastructure services. Together with Blackstone, we look forward to supporting Urbaser’s management team and employees to continue to invest in the circular economy and create lasting value for society.”
Adam Kuhnley, Co-Head of European Investments, Blackstone Infrastructure Partners, added: “As Spain’s leading waste management and environmental services platform, Urbaser is renowned for its technical expertise, decades-long experience and long‑standing customer relationships. We are excited to partner with management and EQT to support the company’s next phase of growth as it capitalizes on strong demand for greater resource efficiency.”
Louis Samson, Co-President of Platinum Equity, said: “Over the past years we have worked tirelessly to strengthen the business, simplify its structure, and unlock its potential as a true environmental infrastructure platform. With a seasoned management team in place alongside a focused strategic plan, the company has all the tools necessary for continued success in the next phase of its journey.”
Urbaser CEO Fernando Abril-Martorell stated: “We’d like to thank Platinum Equity for its support, trust and outstanding cooperation over the years, which have been key to our transformation and development. We’ll address this new phase alongside Blackstone and EQT with great enthusiasm and high expectations, as we can think of no better partners for Urbaser, its customers and its employees as we enter the next phase of the company’s growth.”
Following the acquisition, Blackstone and EQT will jointly manage the company, each with a 50% stake. The transaction is subject to the usual conditions and approvals.
