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

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.