EQT X and EQT Future (collectively “EQT Private Equity”) will acquire a majority stake in AMCS, a sustainability software-providing company. The co-founder, management team, and other existing investors, including Insight Partners (the current majority investor), Clearlake Capital, Highland Europe, and the Ireland Strategic Investment Fund, are expected to retain minority stakes.
Established in 2003 and headquartered in Ireland, AMCS serves resource-intensive sectors such as waste management, recycling, transportation, manufacturing, and utilities. Its industry-leading SaaS platform offers comprehensive solutions including Enterprise Resource Planning, recycling, transport, and EHSQ & ESG software.
AMCS’ solutions enhance operational performance and efficiency while helping clients achieve sustainability goals and comply with regulations. With over 1,300 employees across Europe, North America, and Australasia, AMCS serves over 3,800 customers in 80 countries and manages more than 700,000 vehicles worldwide.
The partnership with AMCS represents a strategic investment for EQT X and EQT Future. EQT Private Equity will leverage its extensive experience in software value creation and impact acceleration to support AMCS’s growth and sustainability objectives. Given that over two billion tons of waste are generated annually, leading to one billion tons of CO2 emissions and contributing to 3.2% of global emissions, there is a significant need for solutions that promote the transition to a circular economy. AMCS is at the forefront of this shift, with its solutions poised to enhance resource efficiency across the industry significantly.
Jimmy Martin, co-founder and CEO, AMCS, said, “On behalf of AMCS, I’d like to express our deepest gratitude to EQT, for aligning with our vision of empowering sustainability for organizations globally and championing the circular economy. Their backing is instrumental in supporting the transformative work we do. I’d like to also thank our dedicated, long-standing investors Insight Partners, Clearlake Capital, Highland Europe, and the Ireland Strategic Investment Fund.”
Robert Maclean, Partner in the EQT Private Equity advisory team said “We strongly believe that AMCS has a fantastic opportunity to further support the circular economy and drive a greater share of recycling within the waste industry.”
Simon Griffiths, Head of the EQT Future advisory team said, “Our investment in AMCS is strongly aligned with EQT Future’s focus on leading businesses, where the market opportunity and the very strong decarbonisation impact angle support a long-term investment horizon.”
Richard Wells, Managing Director at Insight Partners said, “Since our initial investment in 2015, Insight has had the privilege of supporting AMCS as it scaled into a global market leader driving positive change towards a more circular economy.”
The transaction is subject to customary conditions and approvals. It is expected to close before Q1 2025. William Blair & Company served as the exclusive financial advisor to AMCS. Willkie Farr & Gallagher served as legal counsel to Insight Partners. Arma Partners served as exclusive financial advisor and Clifford Chance as legal counsel to EQT.
