news 4 days ago

Recycling and Waste Solutions (RWS) Acquires Sustainable Solutions Group (SSG)

The Associated Press

CHADDS FORD, Pa.--(BUSINESS WIRE)--Apr 15, 2019--Recycling and Waste Solutions (RWS), a provider of commodity recycling and waste services to the nation’s largest supply chains, today announced the signing of a definitive agreement to acquire Sustainable Solutions Group (SSG), a company that provides and manages recycling, waste and sustainability programs for regional and national companies throughout North America. Terms of the transaction were not disclosed.

Founded in 2009, SSG is a leader in commercial waste reduction and recycling solutions nationwide. As one of the fastest-growing companies of its kind, SSG is dedicated to developing comprehensive waste reduction programs for a large portfolio of commercial clients that include some of the nation’s largest brands.

“SSG has an understanding and dedication to sustainability and the environmental space. This fits well with RWS’ ongoing commitment to provide innovative managed solutions for recycling and waste services that increase efficiency while reducing costs for our client companies,” said Anthony DiIenno, president and CEO of RWS. “Having the ability to provide SSG’s large portfolio of retail centers, enclosed malls, office buildings, hotels and mixed-use properties with expanded services supports RWS’ plans for future growth into multi-family and comprehensive facility services. We are excited that the acquisition of SSG will add to our scope of capabilities and further support our company’s goal to continue to lead the way in this ever-evolving market.”

Deborah Lenderman, who became a partner with SSG in 2012, will stay on as executive vice president following the closing of the transaction, along with the executive team and employees. All current customers, contracts and service levels will remain unchanged.

“SSG is elated with the opportunity to offer expanded recycling solutions and national facility services to our customers. We have been searching for an edge in the recycling industry to create more value for our customers. Now we have it,” said Lenderman.

RWS is a portfolio company of Atar Capital, which acquired the business in September 2017. This is Atar’s third acquisition in six months. Atar specializes in corporate divestitures, complex carve-outs and turn-around situations across a wide range of industries and geographic markets.

About Recycling and Waste Solutions

Recycling and Waste Solutions (RWS) provides the nation’s largest supply chains with innovative managed solutions for commodity recycling and waste services in addition to obsolete destruction services, project management and equipment sales and service. Helping thousands of locations across North America achieve savings and greater sustainability, RWS understands the corporate value of environmental and economic waste solutions that reduce costs, drive commodity revenue and improve overall services through flawless execution. For more information about RWS, please visit: https://recyclingwaste.com/.

About Sustainable Solutions Group

Founded in 2009, Sustainable Solutions Group (SSG) is leading the industry in commercial waste reduction and recycling solutions nationwide. As one of the fastest growing companies of its kind, SSG is dedicated to developing comprehensive waste reduction programs for its clients by increasing efficiency and reducing costs. SSG continues to build successful relationships with a large portfolio of commercial clients comprised of retail centers, enclosed malls, office buildings, hotels, and mixed-use properties among many others. For more information, please visit http://www.ssgwaste.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190415005475/en/

CONTACT: Media Contact:

Joe Scolaro

Senior Account Executive

Sterling Kilgore

630-964-8500 ext. 224

jscolaro@sterlingkilgore.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: BUILDING SYSTEMS SUPPLY CHAIN MANAGEMENT TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT URBAN PLANNING ENVIRONMENT RETAIL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Recycling and Waste Solutions (RWS)

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PUB: 04/15/2019 10:00 AM/DISC: 04/15/2019 10:00 AM

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