Louisville’s AMP Closes $70 Million Financing for Virginia Waste-Sorting Expansion

Louisville-based AMP said September 30 that it closed $70 million in project debt financing for a second waste-sorting facility and an adjacent organics-processing system in Portsmouth, Virginia. Galvanize led the financing. The money advances construction under an existing municipal contract; it is not a new $70 million award from the customer.

That customer, the Southeastern Public Service Authority, represents eight Virginia member communities serving about 1.2 million residents, according to AMP. The planned facilities would recover recyclables and organics from mixed municipal waste, allowing those materials to be sorted after collection.

Financing an existing regional agreement

SPSA approved its contract with AMP affiliate Commonwealth Sortation on November 3, 2025. The authority described a $200 million regional project, with AMP providing half the necessary funding and SPSA funding its portion through waste-processing fees. The newly announced debt backs the buildout of that agreement.

AMP says it is headquartered and manufactures in Colorado. The Virginia project adds a substantial facility-development and operating assignment to its sorting-technology business. For municipal customers, that changes the scope of what AMP is offering: a contracted service to process mixed waste across a region.

What is operating—and what comes next

SPSA said in its 2025 announcement that a Portsmouth pilot operating since 2024 had processed 30,000 to 40,000 tons annually and diverted roughly half. Those figures describe the smaller, existing operation, not the capacity of the facilities now being financed.

AMP expects the second sorting facility to begin operating in early 2028. The closed financing gives the Colorado company capital for that next stage of its Virginia contract, while the expanded service remains a construction project rather than a completed regional system.