22 May 2023

Carson McDowell advised on the sale of RiverRidge Group to Cube Infrastructure Managers and Equitix Investment Management

Carson McDowell advised the shareholders of the RiverRidge group of companies on the sale of a majority stake to Cube Infrastructure Managers and Equitix Investment Management, through funds managed by them.

RiverRidge operates essential infrastructure which provides services to Northern Irish communities such as the treatment and disposal of residual waste, serving 7 out of 11 Local Authorities and over 5,500 commercial clients, for which collection services are offered to. RiverRidge is also active in the energy-from-waste space, with a minority stake in Northern Ireland’s only operating plant. RiverRidge has ambitions to transition up the waste hierarchy, with a pipeline of development opportunities, further improving treatment options in the Northern Irish market.

The Carson McDowell transaction team was led by Gerard Armstrong, supported by Le-ann Campbell, Helena Park, Sinead McGrath, Sarah Cochrane, Grant McBurney, Mary-Kim Doherty, Nicole McAlorum and Neil McCracken.

Brett Ross, CEO of RiverRidge, commented:

“Gerard Armstrong along with his Carson McDowell team were fundamental to the success of this incredibly complex and challenging transaction. Their involvement went beyond simple legal advice and extended into transaction management and risk mitigation. I can genuinely state that without Gerard and his team this transaction would not have completed.”