Greenwich, Connecticut, December 28, 2021 – Delos Capital (“Delos”) and The Silverfern Group (“Silverfern”) announced today that they have partnered to complete the acquisition of Pioneer Recycling Services, LLC (“Pioneer” or the “Company”).
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.
“We are excited to partner with Silverfern in the acquisition of Pioneer, a best-in-class provider of sustainable recycling services”, said Michael Rakiter, Partner at Delos Capital. “Since the Company’s formation in 2014, the founders of Pioneer have consistently invested in state-of-the-art equipment and process innovation to provide the highest levels of service.”
Silverfern Managing Director Deepak Ghosh added, “Pioneer has demonstrated that the Company is a leading provider of recycling services in the Pacific Northwest and we are happy to partner with the management team to grow the Company .”
Pioneer Recycling Services is a full service recycling company which offers processing services for the sorting of comingled residential and office recyclables, loose and baled as well as grade separated recyclables for customers throughout both Washington and Oregon states. Using state of the art equipment including mechanical, electrical, magnetic, and optical machines, and a crew of dedicated staff, PRS operates processing facilities in Tacoma, WA and Clackamas (Portland), OR. Company website: www.pioneerrs.com
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
Silverfern is a global middle-market investment management firm. From its offices in Greenwich, Frankfurt and Sydney, its experienced, cohesive team of senior investment professionals makes investments in global middle-market private equity. Targeting $20 million to $50 million equity per investment in partnership with qualified local investment partners, whom we select for their specific industry knowledge and local market experience, Silverfern seeks to invest in buyouts, build-ups, acquisitions, growth equity and recapitalizations worldwide. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by opportunistically pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with qualified, local, investment partners on each of its investments. Additional information is available at www.silfern.com
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