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Greenbelt reveals add-on criteria for Saber; Allied Industrial’s Waste Eliminator in acquisition

Morning Hubsters, Craig McGlashan here with the Tuesday Wire.

With dealmaking conditions still far from perfect, we’ve been hearing plenty from sources about private equity firms looking to invest in their existing portfolios. That’s the theme we’ll be focusing on today – with a sprinkling of sustainability.

First up, Greenbelt Capital Partners’ Chris Murphy outlines what a likely add-on will look like for his firm’s latest acquisition Saber Power Services to PE Hub’s Michael Schoeck.

Next, we have some confirmed add-on activity as Allied Industrial Partners-backed Waste Eliminator makes another acquisition.

Amping up

Greenbelt Capital Partners has outlined the kind of add-ons it plans for its latest acquisition Saber Power Services, a provider of substation and high-voltage power services for the energy transition, to PE Hub’s Michael Schoeck.

Read the EBITDA target and more in the full version of the Wire.

Recycling

Switching to a different area of sustainability, Allied Industrial Partners portfolio company Waste Eliminator has acquired North Georgia Roll Off.

Find out more details in the subscriber version of the Wire.

Share the sovereign wealth

Finally, one thing that would support dealmaking is even more dry powder. As editor of PE Hub Europe, I’d be remiss not to mention that Norway's sovereign wealth fund is mulling adding private equity to its asset class mix – read more in the full version of the Wire.

OK that’s all from me today – Chris Witkowsky will be with you tomorrow for Wire Wednesday.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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