Apollo Global Management Acquires Majority Stake in Noble Environmental
Apollo Global Management, Inc. has expanded its long-term investment portfolio by acquiring a majority stake in Noble Environmental, Inc. The transaction was completed on May 12, 2026.
Noble Environmental is a specialized waste management provider with comprehensive regional infrastructure. Its operations cover the Northeast, Mid-Atlantic, and Midwest regions of the United States.
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Vertically Integrated Services
The company offers a vertically integrated service structure. This includes solid waste collection, hauling, transfer station operations, and final disposal solutions.
Noble Environmental serves both municipal entities and commercial enterprises.
It also runs an expanding renewable natural gas (RNG) business that converts captured landfill gas into pipeline-quality fuel.
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Apollo Global Management partners Scott Browning and Brad Fierstein highlighted key value drivers in the transaction.
They emphasized the company's rare permitted landfill assets, fully integrated services, and growing RNG operations.
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Advisory and Legal Support
Latham & Watkins provided legal counsel to Apollo Global Management during the acquisition.
Guggenheim Securities acted as financial advisor for Noble Environmental's Strategic Alternatives Committee, while Vinson & Elkins provided legal representation.
Apollo Global Management is an alternative asset manager specializing in credit, private equity, and real estate investments.
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The firm delivers tailored capital solutions and maintains operations in retirement services, aiming to generate income-oriented returns across market cycles.
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