Private equity giant KKR & Co Inc (NYSE:KKR) is in talks to buy U.K.-based sustainability consulting company ERM Group Inc., Bloomberg reported, citing people familiar with the matter.

• The deal values ERM at $3 billion, the sources told Bloomberg.
• ERM is owned by Omers Private Equity and Alberta Investment Management Corp., who bought ERM for in 2015 for $1.7 billion including debt, according to Bloomberg.
• An announcement could be coming within days.
• ERM works in a range of industries, including mining, energy and manufacturing.

Photo by Dominik Vanyi on Unsplash.