Deals
Portable Toilet Empire Is So Valuable a PE Firm Is Paying $4 Billion to Keep It
- Platinum Equity is selling United Site to a continuation fund
- Demand for portable toilets held up during the pandemic
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The private-equity math for portable toilets looks like this in 2021: a billion gallons of waste handled annually equals a $4 billion valuation.
Those are, anyhow, the numbers behind Platinum Equity’s deal to transfer ownership of United Site Services Inc. from one of its funds to another, comprised of $2.55 billion of newly issued debt and $1.4 billion of equity, according to marketing documents seen by Bloomberg News.