Broadview Group Acquires Licensed Waste Options

Broadview Group Holdings, LLC, a frontrunner in direct middle-market investing, introduced its funding in Licensed Waste Options together with EXI Funding Companions, administration, and different co-investors. Phrases of the transaction weren’t disclosed. Based in 1977, Licensed has greater than 4 a long time of experience offering business and industrial recycling and waste resolution companies in Southern California. With processing amenities in Anaheim, CA and San Diego, CA, the Firm collects recovered paper from a various set of blue-chip suppliers in business and industrial end-markets. The Firm additionally offers holistic waste administration consulting companies for industrial, workplace, and retail clients geared toward diverting landfill waste, adhering to native rules, and attaining zero waste initiatives.

“Because of Licensed’s present management workforce and legacy of their markets, the Firm has earned a unbelievable status amongst its present suppliers and clients.” mentioned Clay Hunter, Co-Founder and Chief Govt Officer at Broadview. “Licensed will proceed to learn from the rising use of recovered paper in containerboard manufacturing all through the world, rising recycling rules, and optimistic traits in company sustainability targets. In response to the altering macro-environment, Licensed established its waste options providing to assist firms navigate ever-changing waste rules and ESG initiatives. We’ve been very impressed by the workforce’s entrepreneurial mindset over the previous a number of years and we’re thrilled to companion with them for the subsequent stage of development.”

“The groups at Broadview and EXI deliver super investing expertise, help, and assets to the desk to assist us speed up our development,” mentioned Justin Dalton, Licensed’s CEO. “Each teams share our strategic imaginative and prescient to develop Licensed by way of initiatives to additional create worth for our suppliers and clients whereas additionally pursuing strategic acquisitions. Constructing one thing particular can take time. Broadview’s everlasting capital base and ensuing long-term and versatile strategy had been clear differentiators as we thought in regards to the splendid profile for our subsequent companion.”

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Writer: PR Newswire

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