Ridgemont Equity Partners-backed Northstar Recycling completed the acquisition of Sonoco Sustainability Solutions from Sonoco.

Ridgemont Equity Partners-backed Northstar Recycling, a company in sustainability-oriented managed waste and recycling solutions, completed the acquisition of Sonoco Sustainability Solutions, an asset-light managed service provider of customized waste diversion programs, from Sonoco, a global packaging company. Financial terms were not disclosed. “S3 and Northstar have shared the same mission for many years, which is to help develop innovative and executable strategies for companies to reduce their environmental footprints and increase their sustainability efforts by turning material waste into a material resource. S3’s combination with a market leader like Northstar elevates and further substantiates the important work that the S3 team has been pursuing for nearly two decades on behalf of Sonoco’s clients given our mutual commitment to redefining waste streams. Sonoco looks forward to continuing a strategic relationship with Northstar, as we remain committed to the business’ success in partnership with the founders of Northstar and Ridgemont Equity Partners,” Palace Stepps, Sonoco Recycling President.