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Acquisitions, Mergers & Partnerships

  • KAR Auction acquires half ownership in TradeRev

    Carmel, Indiana-based KAR Auction Services, Inc., a provider of used vehicle auction services, disclosed that its business unit ADESA has acquired a 50 percent stake in Toronto-based Nth Gen Software Inc. (TradeRev) and its online vehicle remarketing system, TradeRev.

  • Liebherr renews partnership with American State

    The longest standing Liebherr dealer in the U.S., American State Equipment, has renewed its dealer agreement for the full line of Liebherr earthmoving and material handling equipment in the states of Wisconsin, Minnesota and the Upper Peninsula of Michigan and expanded territory to include the entire state of Illinois for its wholly owned subsidiary Finkbiner Equipment Company.

    American State Equipment is a family owned company operated by the third generation of the Kraut family. Established in Milwaukee in 1957, the dealership has served some of the largest cities in the Midwest for more than 50 years and has grown to be one of the most recognized equipment dealers in the region. American State Equipment operates five branches in the Midwest (Milwaukee, Wausau, Little Chute, Minneapolis/St. Paul and Duluth) and owns Finkbiner Equipment Company, a subsidiary located in Chicago, Illinois.

    Published in the October 2014 Edition of American Recycler News

  • Atlas Paper Mills acquires Accurate Paper Recycling

    Atlas Paper Mills, LLC, a portfolio company of Peak Rock Capital, an Austin, Texas based private equity firm, has acquired Accurate Paper Recycling, Inc. a supplier of paper recycling services based in Tampa, Florida.

  • Maine’s two largest utilities to develop transmission projects

    Maine’s two largest utilities have agreed to jointly develop electric transmission projects to enhance the strength and capacity of the state’s bulk power grid and improve access for new generation resources.

  • Hendrickson acquires segments of Frauenthal

    Hendrickson has acquired the leaf spring and stabilizer segments from the Austrian Frauenthal Group along with a number of their subsidiaries in Europe.

    “This acquisition of this business will enable us to broaden our footprint in Europe to better support our global spring customer base,” stated Gary Gerstenslager, president and chief executive officer Hendrickson. The transaction will close later this year.

    Published in the August 2014 Edition of American Recycler News

  • Consolidated Container buys two plastic recycling firms

    Consolidated Container Co. (CCC) has acquired sister companies Envision Plastics Industries LLC and Ecoplast Corp.

  • Recycling program begins

    The American Chemistry Council’s (ACC) Flexible Film Recycling Group (FFRG) is partnering with Dunn County Wisconsin, the Wisconsin Department of Natural Resources, Indianhead Enterprises, Inc. and Trex Company, Inc. to help promote a new film recycling initiative of the Wrap Recycling Action Program (WRAP).

  • The Newark Group to be acquired

    Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, has entered into an agreement to acquire The Newark Group, Inc.

  • ReCommunity acquires JFD

    ReCommunity has acquired the assets of JFD Associates. The addition of JFD’s facility in Farmingdale is ReCommunity’s fifth processing operation in New Jersey. ReCommunity provides service to dozens of haulers and more than 110 communities across the Garden State.

    JFD has operated this facility for more than 10 years.

    Published in the August 2014 Edition of American Recycler News

  • Wise Recycling merges with Source Recycling

    Wise Metals Group disclosed the merger of Wise Recycling with Source Recycling. The merger will combine Wise’s five yards in Colorado, North Carolina, Florida and Virginia along with Wise’s network of feeder locations in six states with Source Recycling’s three yards in Maryland and North Carolina and one feeder yard in Maryland.

    The new company will be named Wise Recycling and all of the yards will operate under the Wise Recycling name and logo.  Wise will own a majority of the equity in the new company which will consist of a new class of preferred interest and a portion of the common equity.

    Published in the August 2014 Edition of American Recycler News

  • Casella partners on solar project

    Borrego Solar Systems Inc. has partnered with Soltage Greenwood, a joint venture between Greenwood Energy and Soltage LLC to develop a solar project, launched by Casella Waste Systems on its Coventry, Vermont landfill site.

  • Bluesphere to build new waste-to-energy project

    Bluesphere Corp. (BLSP) has signed a Memorandum of Understanding (MoU) with a local developer

  • ‘I Want To Be Recycled’ campaign launched

    Keep America Beautiful (KAB) and the Ad Council revealed that the City of Austin, Texas is the first city to partner in the “I Want To Be Recycled” multimedia public service advertising campaign.

  • US Ecology to acquire The Environmental Quality Co.

    US Ecology, Inc. has entered into a definitive stock purchase agreement to acquire The Environmental Quality Company (EQ), an environmental services and waste management company based in Wayne, Michigan, with facilities throughout the Eastern U.S. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC. The transaction, valued at $465 million, is expected to close in the second or third quarter of 2014 and is subject to customary closing conditions, and a purchase price adjustment based on working capital. The acquisition is expected to be accretive to adjusted earnings per share for the full year 2014.

    The total purchase price of $465 million will be financed using a combination of cash on hand and committed debt financing, consisting of a new $540 million credit facility made up of approximately $415 million in a 7 year term loan and a $125 million 5 year revolving credit facility.

    Published in the June 2014 Edition of American Recycler News

  • Moley Magnetics enters partnership with Minelli

    Moley Magnetics, Inc. has entered a strategic private label partnership with Minelli s.r.l. of Italy.

    In this partnership, Minelli S.r.l. will produce private label grapples for Moley Magnetics that will apply to the scrap, environmental, recycling, demolition, railroad and other industries.

    The private label partnership represents an opportunity for incremental volume to better leverage the manufacturing operations and to drive additional operational efficiencies for both companies.

    Published in the May 2014 Edition of American Recycler News

  • Inashco and Wheelabrator form new joint venture

    Inashco BV and Wheelabrator Technologies, Inc. have formed a new North American-based joint venture company dedicated to the recycling of ferrous and nonferrous metals from the waste-to-energy process.

    The 50/50 owned joint venture company Eco Recovery Solutions LLC will use Inashco’s proprietary technology to enhance the recovery of metals at waste-to-energy facilities. Nonferrous metals will include copper, zinc, lead and aluminum as small as .5 mm in size, much smaller than nonferrous materials currently recovered.

    Published in the May 2014 Edition of American Recycler News

  • Sunvault Energy acquires half interest in CleanGen Power

    Sunvault Energy, Inc. has acquired, through a share purchase agreement, 50 percent of CleanGen Inc.

  • Hendrickson Specialty Products forms partnership

    Hendrickson Specialty Products Auxiliary Axle Systems and The Godwin Group have established a new partnership. In an effort to direct focus towards its core competencies, The Godwin Group elected to phase out the Page brand of suspensions. As a result, Hendrickson Auxiliary Axle Systems was selected as the primary lift axle suspension supplier to The Godwin Group.

    Godwin Group is committed to servicing their Page customers with replacement parts and has made investments to ensure this can be done for the next several years.

    Published in the April 2014 Edition of American Recycler News

  • Advanced Disposal completes acquisition

    Advanced Disposal has completed the acquisition of certain assets of M.A.S.S. Services, Inc., doing business as The Dumpster Company.

    The acquisition includes 600 residential customers who will be serviced by Advanced Disposal’s Ball Ground. The waste will be disposed of at Advanced Disposal’s Eagle Point Landfill.

    Published in the March 2014 Edition of American Recycler News

  • Ecoverse acquires interest in Harvest Quest

    Ecoverse Industries, the Avon Ohio parent company of DoppstadtUS, has acquired an interest in Longmont, Colorado based Harvest Quest International.

    Harvest Quest International has been supplying microbial treatments for the efficient management of compost operations for over 15 years.  

    Published in the February 2014 Edition of American Recycler News