EQT Private Equity to acquire a majority stake in AMCS

EQT Private Equity will acquire a majority stake in AMCS. The co-founder, management, and others including existing majority investor Insight Partners, as well as Clearlake Capital, Highland Europe and the Ireland Strategic Investment Fund are expected to retain minority stakes.

AMCS serves resource-intensive industries, including waste management, recycling, transportation, manufacturing, and utilities. According to the company, its SaaS platform, including Enterprise Resource Planning, recycling, transport, and EHSQ & ESG software, helps AMCS to support its customers' shift towards a more circular economy. AMCS' market has benefitted from the growth in complexity associated with shifting to greater circularity in supply chains, as well as cloud software adoption trends, and increasing regulatory and sustainability reporting.

AMCS' customers include some of the largest waste management and recycling companies globally, as well as blue-chip manufacturing customers. With over 1,300 employees across Europe, North America and Australasia, AMCS serves over 3,800 customers, across 80 countries, and helps manage more than 700,000 vehicles globally. 

EQT Private Equity will contribute its extensive experience in software value creation to support AMCS's growth and sustainability ambitions. 

Jimmy Martin, co-founder and CEO, AMCS, said: "On behalf of AMCS, I'd like to express our deepest gratitude to EQT, for aligning with our vision of empowering sustainability for organizations globally and championing the circular economy." 

Robert Maclean, Partner in the EQT Private Equity advisory team, said: "We have followed the progress of AMCS closely for many years and have been hugely impressed by what it has achieved, establishing itself as a clear market leader and delivering continuous innovation on behalf of its customers."

The transaction is subject to customary conditions and approvals. It is expected to close before Q1 2025.