STAMFORD, Conn. & ATLANTA–(BUSINESS WIRE)–Dec 28, 2021–
Keter Environmental Services (Keter), a fullservice recycling and management company that focuses on providing sustainable recycling and waste programs of the highest quality, announced today the acquisition by M-PASS Environmental. M-PASS is an Atlanta-based independent company that provides waste management and recycling solutions. The terms of the transaction are not known.
M-PASS was founded in 2006. It began as a waste and recycling cost-reduction consulting company. Today, M-PASS is a complete waste management and recycling solutions company. M-PASS serves customers from a variety industries including manufacturing, distribution and food and restaurant, multi-family housing, education and other.
Steven Schlussel CEO of Keter, stated that we are thrilled to welcome the MPASS team to our Keter family. M-PASS and Keter customers stand to gain tremendously from the combination. M-PASS has a reputation for reliability, quality, and efficiency in a wide range of sectors. M-PASS is part of our growth strategy. We want to expand our capabilities and offer our full range of services in new industries and geographies.
Lorraine White, President and founder of M-PASS, stated that we are thrilled to be joining Keter in the collective mission to reduce costs, streamline waste management and recycle programs, and achieve zero waste goals. We look forward to leveraging Keters unmatched scale and technology to offer our customers a wider range of high-quality recycling and waste solutions.
Keter is the largest provider for recycling and waste services to real estate investment trusts (REIT) and has steadily grown its presence in a variety of industrial end markets including food processing, medical device manufacture, auto assembly and engineered parts. The company’s proprietary software and digital platform provides real-time reporting and recycling to customers.
The company announced that it received a significant investment by TPG Growth, the middle-market and growth equity platform of alternative asset manager TPG. Keter will continue to execute its growth strategy using a combination organic growth initiatives as well as strategic acquisitions such M-PASS.
M-PASS was assisted by JGS Resources, a freight- and waste-logistics transaction advisory firm.
About Keter Environmental Services
Keter Environmental Services is a full service recycling and waste management company that focuses on providing high-quality sustainable recycling programs and waste management services on a national scale. Keter works with forward-thinking businesses who understand the importance of increasing landfill diversion rates, improving operation efficiency, and leveraging technology to provide data and reporting. This is essential for a sustainable and effective business strategy. Keter approaches each opportunity with the understanding that every company is different in terms of its waste streams, goals, challenges, and needs. Visit www.keter.com for more information. www.Keteres.com.
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CONTACT: Keter Environmental Services
VP, Human Resources
KEYWORD : CONNECTICUT GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD – OTHER CONSTRUCTION &PROPERTY STRUCTION &PROPERTY RET ENVIRONMENT
SOURCE: Keter Environmental Services
Copyright Business Wire 2021
PUB: 12/28/2021 at 09:00 AM/DISC 12/28/2021 at 09:02 AM
Copyright Business Wire 2021