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Compass Diversified Holdings, an owner of middle market businesses, announced that its subsidiary, Clean Earth, Inc., has acquired AERC Recycling Solutions.

Headquartered in Allentown, Pennsylvania, AERC is a nationally regulated and permitted universal waste and electronic waste recycling company serving over 2,500 commercial and industrial customers across the U.S. AERC processes fluorescent and mercury lamps, batteries, ballasts, retort and other forms of commonly produced hazardous wastes. In addition, AERC provides comprehensive electronic waste recycling services, specializing in asset recovery, disassembly and secure information destruction. Founded in 1990, AERC owns and operates processing facilities in Allentown, Pennsylvania, Richmond, Virginia, West Melbourne, Florida, and Hayward, California, as well as a transfer station in Bolingbroke, Georgia.

AERC’s universal waste facility in Allentown has a RCRA Part B permit. For the trailing 12 months ended December 31, 2016, AERC reported net revenue of approximately $13 million. CODI funded the purchase price through available cash on its balance sheet.

Commenting on the transaction, Alan Offenberg, chief executive officer of CODI, said, “The acquisition of AERC makes this our fourth accretive add-on acquisition since acquiring Clean Earth in 2014. This addition will expand Clean Earth’s service offering to include universal and electronic waste processing capabilities, while creating new cross-selling opportunities for Clean Earth. The acquisition will enhance Clean Earth’s presence in the Eastern U.S., while giving the company coast-to-coast coverage via AERC’s California-based facilities. Utilizing CODI’s considerable financial resources, we will continue to pursue add-on and platform acquisitions of attractive middle market companies to generate long-term shareholder value.”

Published in the June 2017 Edition of American Recycler News