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05/2026

NOBLE ENVIRONMENTAL

Acquired by

APOLLO GLOBAL MANAGEMENT

UNITED STATES Utilities (Regulated Infrastructure) / Waste Management / Collection & Recycling REV 1m USD - 100m USD

Context

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.

NOBLE ENVIRONMENTAL, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Noble Environmental is a vertically integrated waste management company that provides a comprehensive range of services, including waste collection, hauling, transfer, and disposal to both municipal and commercial customers across the Northeast, Mid-Atlantic, and Midwest regions of the United States. Founded in 2016, the company has built a platform anchored by a network of landfills, transfer stations, and hauling operations, which are considered long-life, hard-asset infrastructure supporting stable, recurring cash flows. In addition to its traditional waste management services, Noble Environmental also operates a growing renewable natural gas (RNG) segment that captures landfill gas and converts it into pipeline-quality fuel, offering a unique and sustainable solution for energy recovery. With a strong focus on delivering services to local communities and driving disciplined growth, Noble Environmental has established itself as a leading regional waste management platform in the United States.

Ent. Value

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Equity Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2026
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2025
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Other operations with NOBLE ENVIRONMENTAL

REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOBLE ENVIRONMENTAL by APOLLO GLOBAL MANAGEMENT are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: noble environmental

Acquirer: apollo global management