Keter Environmental set to acquire Waste Harmonics in latest broker deal
Summary
This deal is considered a sizable transaction for the waste broker market, which has seen some consolidation in recent years but also still has many smaller players offering various technologies or sustainability reporting solutions. “Together, we will expand our offerings, enhance our sustainability reporting capabilities, and continue to utilize the best data and technology to provide exceptional service to our growing customer base.” Connecticut-based Keter was acquired by TPG in 2021. These deals expanded Waste Harmonics’ capabilities in terms of bin sensors, software and other features, which are considered complementary to Keter’s technology platform. Earlier this year, Hess told Waste Dive the company had exceeded its five-year growth plans and estimated it had quadrupled in size since the Arcapita investment. “In the 20+ years since our founding, Waste Harmonics has established a customer-first culture based on long-term business relationships and delivering a truly customized approach to all of our clients,” said Hess in a statement.
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