Rubicon to offer services to Blackstone portfolio companies

Atlanta-based Rubicon Technologies LLC has announced what it calls a collaboration with multibillion-dollar investment firm Blackstone to make Rubicon’s services available to Blackstone portfolio companies.

“This collaboration will offer Rubicon’s leading technology solutions, data tracking and full-scale management for waste and recycling needs to Blackstone’s portfolio companies based in the United States, delivering improved cost efficiency and sustainability programs,” an announcement posted to Rubicon’s LinkedIn page states.

On its website, New York-based Blackstone lists the value of its private equity holdings at $184 billion. The company also manages $167 billion in real estate holdings, $76 billion in hedge funds and $138 billion in credit and insurance assets.

A spokesperson on behalf of Rubicon reached by the Recycling Today Media Group says the collaboration timetable is still taking shape. “There will be more to come once the collaboration has been in effect for a longer period of time with some measurable results,” the spokesperson says.