Acon Buys Grupo Sala in Colombia

Acon Buys Grupo Sala in Colombia

Colombia Funds US Equity

US PE firm Acon Investments has acquired an 81% stake in Grupo Sala from Spanish waste company Urbaser through its $250m Acon Latin America Opportunities fund (ALAOF) for an undisclosed amount. Sala has 650,000 municipal waste management customers throughout Colombia and turnover of approximately $80m, Acon partner Jose Miguel Knoell tells LatinFinance. Acon is also injecting additional capital to help grow Sala’s medical and industrial waste business unit, he says. Acon plans to build the

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