Astatine Investment Partners has acquired NRG Riverside, the UK's leading rental provider of specialist waste collection vehicles, enhancing its portfolio in the infrastructure sector.

Target Information

Astatine Investment Partners ("AIP" or "Astatine"), a prominent private equity firm specializing in infrastructure investments, has successfully acquired NRG Riverside ("NRG Riverside" or the "Company"), the UK’s premier rental provider of specialist waste collection vehicles. This acquisition was executed with funds managed by Astatine, and NRG Riverside was previously owned by Palatine and other stakeholders. The Company has an extensive fleet of over 2,000 specialized waste collection vehicles that it leases, rents, and maintains for local authorities and private enterprises, solidifying its position as the largest provider of refuse collection vehicles ("RCVs") across the UK.

NRG Riverside operates through a network of 10 strategically located workshops, ensuring comprehensive UK-wide maintenance and servicing. The Company offers an end-to-end fleet hire service proposition, which is vital for its operations. Through its continued dedication to customer service and fleet management, NRG Riverside has established a strong market reputation and appears well-positioned for future growth.

Industry Overview in the UK

In the UK, the waste management and specialized vehicle rental industry is experiencing significant growth driven by increasing regulatory requirements and a societal push towards sustainability. The government has implemented stricter waste management policies aimed at reducing landfill waste and