acquired Eesti Keskkonnateenused
in 2015. During the six-year holding period, the company invested heavily into the expansion of services organically and by M&A. Through 5 significant add-on acquisitions the company has expanded into treatment and collection of secondary raw materials and road cleaning and has strengthened its position as the leading provider of waste management and municipal services in Estonia.
Eesti Keskkonnateenused and its group companies provide a wide range of waste management services including the collection, transportation of municipal solid waste, construction waste, as well as recycling and resale of secondary raw materials. EKT increasingly engages in cleaning streets and public areas and hazardous waste collection and treatment.Peeter Saks
, the Managing Partner at BaltCap is content that during BaltCap’s ownership EKT strengthened its position as a market leader and expanded its service range.
“EKT has achieved many relevant milestones over the last six years. The company has more than doubled its revenues and has successfully diversified into new business lines. Two new important initiatives, the construction of a biogas plant and expansion of the hazardous waste treatment plant, will be completed in the coming years. Therefore, we are happy that current EKT management will continue to build the business further and are thankful to Argo Luude and the management team for their contribution,” Saks comments.
Argo Luude, the CEO and co-owner of EKT emphasized that BaltCap had a crucial role in EKT´s growth journey. “The strategic backing of BaltCap enabled us to expand activities of EKT, providing necessary resources and know-how. We are thankful to BaltCap for the partnership,” Luude says.Superia
and TGS Baltic
were advisors to BPEF II in the transaction. The deal was financed by LHV Bank and private bond investors.
OÜ MBA Investeeringud is a company owned by Argo Luude, the co-owner and CEO of EKT, as well as Mihkel Õnnis and Bruno Tammaru, also co-owners and members of the Management Board of EKT.