Triumvirate Environmental: Funding Raised From Berkshire Partners At $1.8 Billion Valuation
Summary
The investment valued the business at $1.8 billion.This new partnership will enable Triumvirate Environmental to expand into new regions, add new service lines, and further enhance its leading technology capabilities. And the companys highly trained experts help organizations reduce waste, save money, stay safe and compliant, manage risk, and protect their reputation. We feel privileged that John and the team entrusted Berkshire as a culturally aligned partner in this next chapter for the company.It was clear Berkshire was the right partner for us given their long history of helping market leaders accelerate growth and their constructive, supportive approach with management teams. Through additional capital, resources, and strategic acquisitions, we are poised to expand our offerings and capabilities, adding additional recycling and disposal assets, new lines of service, and enhanced technology capabilities, which will all further enhance the value we deliver for customers.We are big believers in broad-based employee ownership programs. Triumvirate Environmentals 1,600 team members already think and act like owners, which is partly why they have been so successful, and this new program aims to reward them accordingly.