Delos Capital and the Silverfern Group Complete the Sale of Pioneer Recycling Services, LLC to Waste Connections
02 Mayo 2024 - 10:05AM
Business Wire
Delos Capital (“Delos”) in partnership with the Silverfern Group
(“Silverfern”) announced that they have completed the sale of
Pioneer Recycling Services, LLC (“Pioneer” or the “Company”) to a
subsidiary of Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste
Connections”).
Pioneer, based in Tacoma, WA, is an industry leader in
co-mingled residential recycling in the Pacific Northwest.
Pioneer’s recycling centers focus on providing reliable
environmental services and solutions for commercial, industrial,
municipal, and residential customers.
Jordan Mondshine, Principal at Delos, said, “We are incredibly
proud of our partnership with Tommy, Greg, and the entire Pioneer
team. Tommy and the Pioneer team fostered a culture of operational
excellence. Over the course of our investment, we executed our
value creation strategy by investing in state-of-the-art equipment
and creating best-in-class material recovery facilities. We wish
Pioneer continued success as it embarks on its next chapter with
Waste Connections.”
“Delos has been a remarkable partner and supportive of Pioneer
in fulfilling its mission statement of ‘Helping People Succeed in a
Better Environment.’ My team and I feel fortunate to have had the
opportunity to build a leading recycling platform alongside great
partners.” said Tommy Crenshaw, CEO of Pioneer. “Teaming up with
Waste Connections is a natural next step for the Company.”
Stifel served as exclusive financial advisor and Cole Schotz
served as legal advisor to Pioneer.
About Delos Capital
Delos Capital, founded in 2013, is a lower middle market private
equity firm specializing in management buyouts, recapitalizations,
and growth investments. Additional information is available at
www.deloscap.com
About The Silverfern Group
Silverfern is a global middle-market investment management firm.
Additional information is available at www.silfern.com
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