Eamon Waters was chosen by the Irish Times Business Person of the Month for June, an award presented in association with Bank of Ireland.
This follows the sale of Beauparc Utilities, the state’s largest waste company, to Australian financial services giant Macquarie. The amount of the transaction was not disclosed, but it was believed to have been around € 1 billion. This suggests a windfall of around 367 million euros for Mr Waters, the founder of the group, based on documents filed by the company before the deal was announced.
Beauparc owns the Panda and Greenstar waste companies in the Republic as well as operations in the United Kingdom and the Netherlands. The businesses belonging to Beauparc serve more than 340,000 residential, commercial, electricity and gas customers through a portfolio of 40 waste treatment facilities, where more than three million tonnes of waste are treated each year.
Commenting on the transaction, Mr. Waters said: “In 30 years, it has been an honor to see Beauparc grow from a two-person operation in Ireland to a company that employs over 2,300 people in three markets. Our team has worked tirelessly to build the trust of our customers and the communities we serve. We are happy to have found a new owner to shape the next chapter in Beauparc’s growth story.
Mr Waters is expected to step down as executive chairman when the deal ends.