CHICAGO – July 8, 2013—. Wastebuilt Environmental Solutions, LLC (Wastebuilt), has acquired Consolidated Disposal Systems, Inc. (Consolidated), a leading distributor in the waste and recycling industry based in Georgia. This acquisition along with two previous acquisitions in December of 2012; Stepp Equipment Company and Galfab, Inc., continues the ongoing strategy of Wastebuilt of providing a customer-focused source for equipment, parts, and service supported by manufacturing facilities. The purchase price was not disclosed.
Commenting on the news, Greg Podell, Wastebuilt CEO, said, “I am extremely excited about the addition of Consolidated to the Wastebuilt family. Consolidated fits the model we are building and complements our existing operations. The quality and management experience Consolidated brings to this industry is substantial.”
“Wastebuilt is a perfect fit for us.” said Larry Freeman, owner of Consolidated. “All of us at Consolidated are extremely excited about joining Wastebuilt and being part of their plans for growth going forward.”
About Consolidated Disposal Systems, Inc.
Consolidated has been in business for 40 years providing quality products, service and parts for the refuse industry in Georgia. The company works closely with private companies, end users and municipalities. In addition to refuse equipment, they provide street sweepers throughout the state of Georgia.
About Wastebuilt Environmental Solutions
Wastebuilt is owned by Millbrook Capital Management Inc., a New York City-based investment firm led by John S. Dyson. Wastebuilt was created in December of 2012 as a means to enter the waste and recycling equipment industry.
About Millbrook Capital Management Inc.
Millbrook Capital Management Inc., headquartered in New York City, specializes in private equity investments. The firm invests in buyouts, divestitures, and private transactions of lower middle-market manufacturing and business services companies. For additional information, please contact Alan Rivera at 212.586.4333.
CEO, Wastebuilt Environmental Solutions
Vice President of Sales and Marketing, Wastebuilt Environmental Solutions