Paramax Advised on the Sale of Waste Technology Services to Northstar Recycling Company (a Ridgemont Equity Partners Portfolio Company)
Paramax Corporation is pleased to announce the sale of Waste Technology Services LLC (“WTS”) (wtsonline.com) to Northstar Recycling Company, LLC (“Northstar”) (northstarrecycling.com), a portfolio company of Ridgement Equity Partners (“Ridgement”) (ridgemontep.com).
Waste Technology Services is a tech-enabled, asset-light environmental managed services firm specializing in sustainability-oriented managed hazardous and non-hazardous waste and recycling solutions. Founded in 1982, WTS serves customers primarily in the industrial, pharmaceutical, specialty chemical, and high technology end markets with comprehensive solutions to sustainably manage complex manufacturing and processing waste streams. WTS applies the Responsible Care® Management System to create sustainable environmental solutions for its customers.
The buyer, Northstar Recycling Company, is a leading provider of non-hazardous waste and recycling solutions to leading food, consumer packaged goods, and other industrial clients. Their solution-driven approach aligns closely with WTS’s core values and relationship-focused culture. The acquisition of WTS significantly expands Northstar into the hazardous waste management market segment and broadens the company’s core end markets. Northstar is owned by Ridgement Equity Partners.
As the exclusive M&A advisor to WTS, Paramax leveraged its extensive expertise in the waste and environmental services industry to achieve a successful outcome. For more information about this transaction or to discuss opportunities with Paramax, please contact our deal team.