MANAMA: Arcapita portfolio company Waste Harmonics has acquired Contelligent, a leader in intelligent container monitoring solutions and analytics.
The global alternative investment firm announced that the acquisition will enable US-based Waste Harmonics to expand its service offerings, clientele and geographic footprint by integrating Contelligent’s innovative technology to provide customers with turnkey waste management services.
The company delivers critical waste collection services across North America through an outsourced network of over 5,000 vendors.
The combined synergies of Waste Harmonics’ proprietary technology and Contelligent’s analytics platform will provide more comprehensive and integrated services to the waste management industry.
The acquisition of Contelligent represents the latest step in Arcapita’s ambitious expansion strategy for Waste Harmonics.
Since Arcapita acquired Waste Harmonics in January 2020, it has grown the company organically and through acquisitions, having previously acquired Talismark in November 2020, developing Waste Harmonics into one of the largest providers of waste management services in the US.
Arcapita’s chief investment officer Martin Tan said: “Arcapita continues to see significant opportunities in the waste and recycling services industries in the US. With the addition of Contelligent, Waste Harmonics will further expand its service offerings and reinforce its position as a leader in the use of innovative technologies in the industry.”
“We’re thrilled to welcome Contelligent to the Waste Harmonics team,” Waste Harmonics chief executive Michael Hess said. “The fusion of our capabilities will complement one another and allow us to offer a comprehensive waste management solution to support data-driven business transformation for our customers.”
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