NOBLE ENVIRONMENTAL acquired by APOLLO GLOBAL MANAGEMENT

The acquisition of Noble Environmental by Apollo-managed funds represents a strategic investment in a leading regional waste management platform in the United States. The deal aligns with Apollo's broader strategy of backing essential service businesses with strong asset bases and long-term demand characteristics. The combination of Noble Environmental's integrated waste services and growing renewable natural gas (RNG) segment creates a platform for long-term value creation, with opportunities for expansion and growth in the waste management market. The investment is expected to support the continued development of Noble Environmental's platform, with Apollo's experience and capital base providing a strong foundation for future growth. The deal also highlights the attractive market dynamics of the waste management industry, with scarce permitted landfill capacity and increasing opportunities in energy recovery creating a compelling environment for investment. With a strong management team in place and a clear vision for growth, Noble Environmental is well-positioned to continue to deliver services to local communities and drive disciplined growth, with Apollo's support and expertise providing a key catalyst for success.