Astatine Investment Partners, a private equity firm focused on infrastructure investments, announced today that it has acquired the specialist waste collection vehicles provider, NRG Riverside, from Palatine and other shareholders.

‘We are delighted to acquire NRG Riverside and look forward to working alongside the management team in delivering the next phase of growth, including supporting customers in their transition to zero emission vehicles,’ said Jim Metcalfe, CEO and Co-Managing Partner of Astatine.

NRG Riverside leases, rents and maintains specialist vehicles such as waste collection trucks to local authorities and private companies and has a total existing fleet of over 2,000 vehicles.

‘We are excited to be partnering with Astatine on the next chapter of NRG Riverside’s growth journey,’ said Darren Powell, CEO of NRG Riverside.

‘We look to the future with confidence and with a clear plan for future growth. With recent internal promotions to further strengthen our experienced leadership team, we continue to offer the best customer-led experience from initial enquiry to vehicle delivery and future renewal.

‘The growing relationships with our customers and their operations mean we are also well placed to support the important transition to net zero emissions.’

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