August 3, 2026
Funds advised by Basalt Infrastructure Partners LLP (“Basalt”) have acquired Mr. Bult’s Inc. (“MBI” or the “Company”), the largest third-party provider of outsourced municipal solid waste transportation and transfer station management services in North America. The transaction closed July 31, 2026. Financial terms were not disclosed.
Waste transportation and transfer station management are essential services that support the safe and efficient movement of waste across the United States. MBI serves leading waste operators and municipalities through a national network of terminals and specialized transportation assets.
Founded in 1980 and headquartered in the Midwest, MBI has longstanding relationships with its diversified blue-chip customer base. The Company’s scaled fleet, integrated maintenance capabilities, and expansive footprint create meaningful barriers to entry, while continued outsourcing of waste transportation driven by regulatory complexity and consolidating landfill dynamics supports sustained long-term demand.
“MBI is a market-leading provider of essential waste transportation and transfer station management services and has established a strong reputation with customers across the United States. The Company’s national footprint, scaled asset base, and experienced management team position it well for continued growth. We look forward to partnering with Jim Bult and the rest of the management and supporting MBI in its next phase of development,” said Wil Jones, Partner at Basalt.
Through the transaction, funds managed by affiliates of Fortress Investment Group (“Fortress”) have fully divested from the Company.
Macquarie Capital served as financial advisor, and Holland & Knight LLP served as legal advisor to Basalt. Houlihan Lokey served as financial advisor to Fortress and MBI.
About MBI
MBI is the leading North American provider of outsourced municipal solid waste transportation and transfer station management services, supporting integrated waste operators and municipalities in the safe and efficient movement of waste across the United States. The Company operates a fleet of over 5,000 long-lived specialized assets and serves a diversified blue-chip customer base across more than 40 terminals nationwide.
About Basalt
Founded in 2011, Basalt is an investment advisor to certain infrastructure equity investment funds focusing on mid-market investments in utilities, power, and transport infrastructure primarily in North America and Europe. The Funds have invested over US$7bn across 37 investments and have completed 14 realizations.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $54 billion of assets under management as of March 31, 2026, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, visit www.fortress.com.
For more information, please visit www.basaltinfra.com
Media Contact: press@basaltinfra.com