Latham Advises on Financing for EQT’s Heritage Environmental Acquisition of EBV From General Dynamics

Heritage Environmental Services, an EQT Infrastructure portfolio company, and General Dynamics have announced that they have entered into a definitive agreement pursuant to which Heritage, via a subsidiary, will acquire EBV from General Dynamics. The transaction is subject to customary conditions and approvals. It is expected to close in Q3 2024. Financial terms of the transaction were not disclosed.

Latham previously advised on the financing for EQT Infrastructure’s acquisition of a majority position in Heritage Environmental Services from The Heritage Group, which closed in January 2024.

Latham & Watkins LLP represented the private credit lenders in the above transactions with a banking team led by partners Stelios Saffos, Conray Tseng, Peter Sluka, Alfred Xue, Dan Seale, Paul Bonewitz, and Jesse Sheff, and counsel Seung-Ju Paik, with associates Kathy Page, Beste Bozkurt, Victoria Basedow, and Allen Xu. Advice was also provided on tax matters by partner Jiyeon Lee Lim, with associate Michael Yu; on uniform commercial code matters by partner Larry Safran; on environmental matters by counsel David Langer, with associate Brittany Curcuru; and on real estate matters by counsel Lisa Brabant.