Aseo Capital

What Aseo Capital does

Aseo Capital S.A. is a private Panamanian waste management company, established in 2007 and operating in Panama since 2014, structured as a strategic alliance combining Colombian operational experience with Panamanian human capital. The company provides integrated solid waste collection, transportation, and final disposal services to over 80,000 users across the Arraiján, Capira, Chame, and Panamá Pacífico districts, plus major commercial and industrial generators in Ciudad de Panamá. Its long-term administrative concession model — most notably a 15-year Capira contract (Contract 001-2023, ratified by the Contraloría General in February 2024 and operational since March 2024) — anchors recurring monthly tariff revenue per user (e.g., $6.95 to $11.50 tiers under Agreement Municipal 16, 2016), billed through utility channels or directly. Beyond core haulage, Aseo Capital operates street sweeping, a selective recycling route program (glass, tetrapak, cardboard, cooking oil), environmental education programs in schools and communities, and the Aseo Capital mobile app plus online billing portal for self-service.

Name

Aseo Capital

Legal name

Aseo Capital S.A.

Website

https://aseocapital.com.pa

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Aseo Capital S.A. is a Panamanian private waste management company providing solid waste collection, recycling, and street sweeping under long-term municipal concessions across Arraiján, Capira, Chame, and Panamá Pacífico, serving over 80,000 residential, commercial, and institutional users.

Ownership category

akta.pro rank

Product category

Solid Waste Management Services

NAICS

Solid Waste Collection (562111)

SIC

Refuse Systems (4953)

akta.pro primary industry

Commercial & Office Waste Collection (Non-hazardous) (EUAIAGAA)

akta.pro secondary industry

Bulk Item & White Goods Collection (Bulky Waste) (BPALAAAD)

Keywords

• Solid waste collection
• Municipal waste management
• Recycling services
• Street sweeping services
• Waste collection concession

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Municipal Concession Services: Revenue generated through long-term administrative concessions with municipalities for solid waste collection, transportation, and final disposal services. Contract 001-2023 with Capira municipality for 15 years; similar arrangements with Arraiján municipality. Fees can be billed through electricity companies, IDAAN, or directly to clients.
2. Utility-Billed Service Fees: Monthly service fees billed through utility companies including electricity providers and the National Aqueduct and Sewerage Institute (Idaan), or collected directly from customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Aseo Capital S.A. provides comprehensive solid waste collection, transportation, and final disposal services under long-term municipal administrative concessions in Panama, serving over 80,000 residential, commercial, and industrial users across Arraiján, Capira, Chame, Panamá Pacífico, and major generators in Panama City. The company complements its core collection service with street sweeping, selective recycling routes, environmental education programs, and digital customer service channels including a mobile app and online billing portal.

Product overview

Aseo Capital S.A. is a Colombian-Panamánian waste management company offering integrated sanitation and environmental services. The core offering is solid waste collection and disposal, complemented by street sweeping, selective recycling routes, and environmental education programs. The company also provides a mobile application (Aseo Capital App) for bill payment and service requests, along with an online billing portal. The company serves the districts of Arraiján, Capira, and Panamá Pacífico, reaching over 80,000 users across approximately 25 years of international experience and 10 years in Panama.

Differentiator

Problem solved

Functional benefit

Products and services

• Solid Waste Collection and Disposal Service Comprehensive solid waste collection, transportation, and final disposal service for residential, commercial, institutional, and industrial users across Arraiján, Capira, Chame, Panamá Pacífico, and major generators in Panama City, serving over 80,000 users.
• Street Sweeping Service Street sweeping service covering kilometers of municipal roads and public areas to maintain urban cleanliness, with over 2,000 km swept in Capira district in 2025.
• Selective Recycling Route Program Curbside recycling pickup service collecting materials including cans, cardboard, tetrapak, glass bottles, plastic, and used cooking oil on scheduled days in designated sectors.
• Aseo Capital App Mobile application available for iOS and Android that enables users to view their bill, make online payments, request collections, and schedule deliveries directly from their smartphone.
• Online Bill Payment Portal Web-based portal allowing customers to view and pay their service bills using their customer number.
• Environmental Education Programs Educational programs including 'Volviendo a Clases Reciclando' (recycling education in schools), summer programs for children, and community workshops on waste separation and recycling practices.

Quantifiable outcome

• 80,000+ users served across Panama
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and secondary.

• Club de Leones de Juan Demóstenes ArosemenacoreStrategic or Co-development Partner · 31 January 2026Collaboration agreement signed January 31, 2026 to promote joint actions focused on environmental education and strengthening responsible waste management in Arraiján district. Agreement enables development of environmental education activities, recycling workshops, community cleanup jornadas, and donation of seedlings as part of strategies for eradicating critical waste points and improving the urban and environmental environment.
• PSA (Panama Ports Company)secondaryStrategic or Co-development Partner · 25 September 2025Port company hosting Go Green 2025 environmental event where Aseo Capital conducted recycling training sessions with Recimetal on proper waste separation and importance of recycling for environmental protection.
• Municipio de CapiracoreStrategic or Co-development Partner · 14 July 2025Municipal government partner in waste collection concession and environmental initiatives. Collaborated on First Glass Exchange Festival in Capira district, collecting 1,700 pounds of glass. Joint efforts in cleanup activities and environmental education programs.
• VICALsecondaryTechnology or Integration · 14 July 2025Glass recycling company partner in First Glass Exchange Festival. Contributed expertise in glass recycling and provided recycled glass cups as exchange items. Company representative Mariana Méndez emphasized importance of glass recycling for second-life applications.
• RecimetalsecondaryTechnology or Integration · 14 July 2025Metal recycling partner collaborating on environmental events and recycling education. Participated in Go Green 2025 event organized by PSA, conducting recycling training sessions on proper waste separation.
• Grupo VICALsecondaryTechnology or Integration · 26 August 2023Corporate partner participating in Special Leaders Meeting 2023, presenting on recycling programs and waste management solutions alongside other allies Recimetal and Tetrapak.
• TetrapaksecondaryTechnology or Integration · 26 August 2023Packaging recycling partner presenting at Special Leaders Meeting 2023 on sustainable packaging solutions and recycling education programs.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Republic Services: One of the largest U.S. solid waste haulers with a regulated, route-based municipal and commercial collection model. Highly comparable to Aseo Capital on collection operations, customer segments, and tariff-driven subscription revenue, though at vastly greater scale and geographic footprint.
• Waste Management, Inc. Global leader in solid waste collection, transfer, and disposal, operating a route-based collection franchise analogous to Aseo Capital's. Direct comparability on operating model (municipal contracts, fleet management, residential/commercial subscription billing), with significantly greater scale and vertical integration.
• Veolia Environmental Services: French multinational providing municipal and commercial waste collection worldwide, including a strong presence in Latin America. Directly comparable on municipal concession contracts, recycling services, and integrated solid waste management.
• FCC (Fomento de Construcciones y Contratas): Spanish infrastructure and environmental services group operating municipal waste concessions internationally including in Latin America. Comparable on concession-based service delivery, route-based collection, and municipal client mix.
• Urbaser: Spain-headquartered global waste collection and urban services provider active across Latin America. Comparable to Aseo Capital on municipal concession bidding, residential/commercial collection, street sweeping, and recycling services.
• Clean Harbors: North American environmental services firm handling industrial waste, collection, and disposal. Comparable on collection/disposal operating model and municipal-industrial customer mix, though with greater emphasis on hazardous waste streams.

Others

• Stericycle: Specialized waste services provider focused on regulated waste streams (medical, secure information destruction). Less direct overlap, but comparable route-based collection franchise and municipal/enterprise billing model.

Regional players

• Biffa: UK-based solid waste collection and recycling company serving municipal and commercial customers. Comparable on collection operations and customer segmentation, though operating in a different geographic market than Aseo Capital.

Emerging players

• CIAS (Centro de Investigación en Agua y Saneamiento) / Soluciones Ambientales Totales: Latin American regional solid waste and environmental services operators pursuing municipal contracts across Central and South America. Comparable in scale and customer mix to Aseo Capital, with overlapping bidding environments for upcoming Panamanian concessions.

Direct peers

• Promoambiental: Colombian solid waste management operator serving municipalities and commercial clients with route-based collection. Direct regional peer to Aseo Capital given the Colombian operating DNA referenced in Aseo's strategic alliance and overlapping customer segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/aseocapitalpty
• YouTubeyoutube.com/channel/UCwIOjCQQrT6SWxyqH8O_MiA
• Facebookfacebook.com/AseoCapital
• Instagraminstagram.com/aseocapitalpanama
• LinkedInlinkedin.com/company/aseo-capital-s-a

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aseo Capital