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New Deal


Announced

GCM Grosveneor to acquire a majority stake in ReSource Waste Services from ReEnergy Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

waste management equipment

Private

Single Bidder

Friendly

Acquisition

Domestic

recykling

United States

waste management

Majority

Environmental / Waste Management

Synopsis

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GCM Grosvenor, a global alternative asset management solutions provider, agreed to acquire a majority stake in ReSource Waste Services, a C&D waste processing and recycling service provider, from ReEnergy Holdings, a company dedicated to environmental sustainability that owns assets in the renewable energy sector and the waste and recycling industry. Financial terms were not disclosed. “GCM Grosvenor is excited to announce this investment in ReSource, a growing and well-positioned C&D waste processing and recycling infrastructure provider that is a clear leader in the New England region. ReSource’s ability to recycle C&D waste and create additional products for beneficial reuse is an important environmental factor that we believe can forge a new, sustainable path for the industry as a whole,” Matthew Rinklin, GCM Grosvenor Managing Director.

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