Declaration Partners, a private investment firm, has acquired a majority stake in CP Group to further facilitate the company’s ongoing growth. San Diego-based CP Group is a designer, manufacturer and integrator of advanced material recovery facilities (MRFs) and sorting technologies. The partnership represents a significant milestone in CP Group’s 50 year evolution, providing the capital foundation and strategic resources necessary to accelerate innovation, expand operational capabilities and strengthen the company’s long-standing position as the definitive sortation system leader in the waste and recycling industry.
Bob Davis, retiring CP Group chairman, said, “I am grateful for CP’s loyal employees who have propelled us to lead the industry through their dedication and innovation. Declaration’s long-term perspective and family-oriented mindset make it the perfect fit to maintain our special culture and take CP to the next level.”
The partnership enables CP Group to significantly expand its engineering and research capabilities, with planned investments in advanced automation technologies, artificial intelligence integration, and next generation sorting systems. These investments will strengthen the company’s ability to deliver superior recovery rates, operational efficiency, and economic value to customers while both addressing emerging needs and trends in the industry and maintaining its industry-leading reputation for reliability and performance.
Declaration views CP Group as a platform for growth, with both organic growth drivers and potential add-on acquisition opportunities. Within the industrials space, Declaration has partnered with management teams of other platform companies in recent years, including Enstructure (operator of marine terminals), New Frontier Materials (provider of aggregates and asphalt), and LMI (tech-enabled consultancy to the U.S. government), to grow these businesses and achieve outstanding outcomes for customers, employees, and shareholders.
Charles Rayner, Partner at Declaration, said, “We are delighted to partner with the CP Group leadership team to support the company’s next chapter of growth. The long-term market trends and opportunity for meaningful innovation make CP a great fit for family office investment, which is why we have reserved significant additional capital to support the company in the coming years. We will maintain and expand the company’s U.S. based manufacturing, which provides superior durability and cutting-edge automation. CP is now even better positioned to help solve customer and industry challenges holistically.”
Published August 2025
