Macquarie Asset Management Completes Acquisition of DTG Recycle

SEATTLE (Waste Advantage):  DTG Recycle announced that a fund managed by Macquarie Asset Management, has completed the acquisition of DTG from its current owners. DTG is Washington State’s leading independent vertically integrated non-MSW recycling business. The resulting ownership structure will accelerate DTG’s growth trajectory and solidify its leadership position as the largest privately held vertically integrated non-MSW recycling business in Washington State; the investment will have no impact on the company’s existing services or operations.

As part of the transaction, Tom Vaughn will continue as Chief Executive Officer, and Dan Guimont will become Chief Development Officer. Both Tom and Dan will be members of the Board of Managers of DTG and meaningful owners of the company alongside MAM. “We are excited to partner with Macquarie Asset Management through this investment into DTG. With their deep knowledge of the space and their track record of providing ongoing capital and dedicated support to management teams, we will be able to accelerate our growth both within our existing area of operations and into adjacent geographies. This partnership will help us continue to advocate for increased diversion of recyclable non-MSW materials out of landfills and support our communities’ sustainability goals,” said DTG Chief Executive Officer Tom Vaughn.

MAM-managed funds have invested over $4.5 billion in the waste industry in the Americas since 2007, including realized investments in Waste Industries, WCA, and GFL Environmental, and current investments in WIN Waste Innovations, Solví, LRS, Greenwaste and now DTG. “We are excited to partner with Tom and Dan and the rest of the DTG management team in supporting their next stage of growth. Macquarie Asset Management has significant experience supporting waste businesses like DTG and invests in people, processes and systems to strengthen existing platforms, support future growth and improve performance. DTG’s leadership in non-MSW recycling and focus on a diversion led business model differentiates the company and positions it well to meet the sustainability expectations of the communities in which DTG operates,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners.

Courtesy: www.wasteadvantagemag.com