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EQT bids $9.4 billion to acquire Cleanaway

PUBLIC · EQTAug 13, 2026•about 2 hours ago

Acquiring Company

EQT

Acquired Company

Cleanaway

PittsburghMelbourneOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentWaterWaste ManagementEnvironmental Consulting

Description

EQT has made a $9.4 billion takeover proposal for Cleanaway, Australia's largest waste management firm. Cleanaway has granted EQT exclusive due diligence in what could lead to a binding offer. The announcement raised Cleanaway's shares by 15%, highlighting the strategic importance of this acquisition. EQT's dual investment strategy also includes efforts to secure a stake in Melbourne Storm.

Company Information

Company

EQT

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Cleanaway?

Cleanaway was acquired by EQT, based in Pittsburgh. The deal was reported on August 13, 2026. The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. EQT is publicly traded (EQT) and operates in Other.

When did EQT acquire Cleanaway?

EQT's acquisition of Cleanaway was reported on August 13, 2026. EQT has made a $9.4 billion takeover proposal for Cleanaway, Australia's largest waste management firm. Cleanaway has granted EQT exclusive due diligence in what could lead to a binding offer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cleanaway do?

Cleanaway is a leading waste management company providing sustainable waste solutions across Australia. The company services municipalities, commercial, and industrial clients, fostering environmental responsibility. It is privately held, operating in Water, and is based in Melbourne.

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