CHARLOTTE, N.C.--(BUSINESS WIRE)--Northstar Recycling Company, LLC (“Northstar”), a national leader in sustainability-oriented managed waste and recycling solutions, today announced the acquisition of Complete Recycling, LLC (“Complete Recycling”), another asset-light provider of innovative recycling services. Both companies serve multi-facility manufacturers and distributors across the food, consumer packaged goods, and industrial sectors with a centralized solution to manage and divert industrial waste streams into beneficial reuse applications.
“We are pleased to announce the addition of Complete Recycling to Northstar,” said Seth and Noah Goodman in a joint statement on behalf of Northstar. “This is a very logical combination and complementary partnership given the fundamental overlap in our service offerings and end markets. This highly strategic transaction not only allows us to offer expanded services to our existing clients but also enhances the ability of the combined business to serve additional customers and vendors through a more scaled platform. We are looking forward to working with the Complete Recycling team to further advance our mutual goal of helping businesses recycle more and landfill less.”
“Complete Recycling and Northstar Recycling are very similar businesses – we share the same value proposition for our customers and commitment to helping our clients achieve their landfill diversion and related sustainability initiatives,” said Kevin Flynn, CEO of Complete Recycling. “I am excited to continue in my role and further support the combined Northstar – Complete organization; together, we have a powerful national presence and can open up significant new opportunities for each other.”
Northstar is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. Northstar and Ridgemont are actively seeking acquisition candidates that are established leaders providing sustainability-oriented managed waste and recycling services.
About Northstar Recycling Company
Northstar is an asset-light provider of sustainability-oriented managed waste and recycling solutions to leading food, consumer packaged goods, and other industrial clients. Northstar helps its customers recycle more and landfill less by diverting organic and other waste streams from landfills into a variety of beneficial reuse applications with the support of its robust network of recycling outlet partners. www.northstarrecycling.com
About Complete Recycling
Complete Recycling provides managed waste and recycling services to leading food and beverage and other consumer packaged goods customers across the United States. Complete Recycling leverages decades of recycling-oriented expertise to offer its clients a holistic outsourced solution for diverting waste streams into more sustainable reuse applications. www.completerecycling.com
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $6 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. www.ridgemontep.com