Waste management's essential-service profile continues to draw institutional capital into regional platforms.

Apollo-managed funds have taken a majority interest in Noble Environmental, a Pittsburgh-based vertically integrated waste management company with operations spanning the Northeast, Mid-Atlantic and Midwest.

Founded in 2016, Noble Environmental provides solid waste collection, hauling, transfer, and disposal to municipal and commercial customers.

The company owns a network of landfills and transfer stations, and it converts captured landfill gas into pipeline-quality renewable natural gas.

President and COO David Florance said Apollo's resources will support the company's growth vision.

Apollo partners Scott Browning and Brad Fierstein framed the investment as an opportunity to build on scarce, permitted landfill assets and a fully integrated service offering.

The firm has a long history in essential-services investing and plans to expand the Noble platform.

Latham & Watkins LLP served as legal counsel to the Apollo funds.

Guggenheim Securities, LLC advised the Noble Environmental board's strategic alternatives committee, with Vinson & Elkins LLP acting as legal counsel to the committee.