Dive summary:
- Millbrook Capital Management Inc., a New York City-based investment firm, has created Wastebuild Environmental Solutions LLC, a waste and recycling equipment company.
- The new company comes from the acquisition of Stepp Equipment Co. and Galfab Inc., Millbrook is still looking to buy other companies to grow Wastebuild.
- The two companies will continue operations in their existing locations but open up their range of products and services.
From the article:
“We believe that the national haulers, municipalities, dealers, distributors and local haulers in the waste and recycling industry will benefit from a well-capitalized and customer-focused source for equipment, parts and maintenance,” says Alan Rivera, executive vice president and CFO of Millbrook Capital Management. “By combining a leading service, parts and distribution company with a high quality manufacturing company, we have drawn on the best of both worlds.” ...