Mubasher: The global investment giant, Arcapita, on Monday announced the acquisition of a controlling interest in Waste Harmonics, a major American technology-enabled waste services company that offers a comprehensive range of waste management solutions to leading clients across North America.
The offerings of Waste Harmonics, founded in 2001, aim to improve service levels, and lower costs while optimising waste stream management. The offerings include consolidated waste collection and coordination, remote equipment monitoring, smart equipment rental, compliance reporting, and waste stream auditing, according to a press release on Monday.
Commenting on the acquisition, CEO of Arcapita, Atif A. Abdulmalik, said, “Through our investment strategy, Arcapita aims to help grow Waste Harmonics’ suite of services and customer base, by enabling the company to provide nationwide blue-chip clients with mission-critical business services.”
Meanwhile, CEO of Waste Harmonics, Michael S. Hess, noted, “Arcapita is the ideal partner for our business growth and expansion. We have strong growth targets for the coming years and Arcapita’s expertise coupled with a strong leadership team will help us enhance our services in the facilities management sector to best meet clients’ needs.”
