I Squared Capital, a leading independent global infrastructure investor, announced that through its flagship fund, it has entered into a definitive agreement to acquire Milestone Environmental (Milestone), a leading independent environmental infrastructure company providing waste management solutions across the energy and industrial sectors. Milestone is being acquired from SK Capital Partners. The transaction is expected to close in Q4 2026, subject to customary closing conditions and regulatory approvals.
Latham & Watkins LLP represents Milestone and SK Capital Partners in the transaction with a corporate deal team led by Washington, D.C. partners Nick Luongo and Elizabeth More, with associates Taylor Allison and Wenjia Yu. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan‑Jackson, with associates Ted Gkoo and Dominick Constantino; on finance matters by Washington, D.C. partners Jeffrey Chenard and Katherine Putnam, with associates Melissa Doura and Kerry Pemberton; on employee benefits matters by Washington, D.C. partner Matthew Conway and Washington, D.C. counsel Laura Szarmach, with associates Victoria Wolfe and Kevin Matheny; on labor and employment matters by Chicago partner Nineveh Alkhas, with associates Jenny Bobbitt and Imara Joroff; on environmental matters by Orange County/Washington, D.C. partner Nikki Buffa and San Diego partner Jennifer Roy, with associates Jacqueline Zhang and Nolan Fargo; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Dena Behnam; on anti‑corruption and anti‑bribery matters by Washington, D.C. partner Erin Brown Jones, with associate Heather Artinian; on real estate matters by New York partner Dara Denberg and New York counsel Lisa Brabant; on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown, with associate Diya Jajal; on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. partner Peter Todaro, with assistance from Aimilia Kechagia; and on sanctions and export controls matters by Washington, D.C. counsel Ruchi Gill, with associate Amulya Vadapalli.
