Founded in 2011, RiverRidge started out as a small skip hire and landfill business and has since grown into Northern Ireland's premier waste management, recycling and energy from waste company. Under the direction of CEO Brett Ross, the company now serves seven local authorities across the province and over 5,500 commercial clients providing collection services and the treatment and disposal of over 400,000 tonnes of waste each year.
Capital investor BGF has exited the company after a successful seven year partnership.
Brett Ross, CEO of RiverRidge said: "RiverRidge has grown from humble beginnings in 2011 to a company in 2023 which is at the forefront of waste treatment technology. We have been true to the vision and values of the group over this period and believe that today's announcement is an endorsement of the hard work from our team as well as the strategy chosen to revolutionise the sector. BGF and Jim have been with us every step of the way during the past six years and I'd like to thank them for their guidance and support during a period of significant growth."
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Saket Trivedi, Partner of Cube Infrastructure Managers, commented: "The investment in RiverRidge Holdings represents a unique opportunity for Cube to acquire an essential infrastructure asset in a new geographic location, with the embedded opportunity to pivot towards the generation of renewable energy from waste. We are excited to be able to enter this journey with Equitix as our long-term partner, which will be instrumental in providing valuable expertise for the future growth of the Company."
Hugh Crossley, Chief Executive Officer of Equitix, added: "Equitix has known and had excellent collaboration with RiverRidge for near to 10 years. We have a huge respect for the management team and are very pleased to extend this relationship by acquiring a stake in the company. This also allows us to proudly increase our commitment and presence to Northern Ireland. With the RiverRidge management team and our partners Cube we expect to invest in and effectively grow the business over the coming years. This important investment aligns with our strategic vision of working in partnership to help reduce the impact of waste on climate change, avoid unnecessary landfill disposal and provide sustainable energy to the communities which our assets serve."
