Pioneer Recycling Services, a leading provider in the Pacific Northwest, has been successfully acquired by a subsidiary of Waste Connections, Inc. This strategic acquisition, finalized by Waste Connections, marks a significant expansion for both companies in the environmental services sector. The sale was completed in partnership with Delos Capital and the Silverfern Group, who initially invested in Pioneer to bolster its growth and operational capabilities.
Based in Tacoma, Washington, Pioneer Recycling Services has established itself as an industry frontrunner in co-mingled residential recycling. The company operates advanced recycling centers that deliver essential environmental services to a diverse clientele. These services cater to commercial, industrial, municipal, and residential customers, providing comprehensive and reliable recycling solutions. Pioneer’s commitment to operational excellence and investment in state-of-the-art material recovery facilities have been key to its success and attractiveness to Waste Connections.
Jordan Mondshine, Principal at Delos Capital, expressed pride in the partnership with Pioneer, highlighting the collaborative achievements in enhancing operational excellence and infrastructure. Tommy Crenshaw, CEO of Pioneer, also praised the partnership with Delos, emphasizing the shared mission of environmental stewardship. Crenshaw views the integration with Waste Connections as a natural progression for Pioneer, promising continued growth and enhanced service offerings.
Stifel acted as the exclusive financial advisor, and Cole Schotz served as the legal advisor to Pioneer throughout this acquisition process. This acquisition positions Pioneer Recycling Services for continued success and expansion under the Waste Connections umbrella, promising enhanced recycling services and environmental solutions across the region.
About Delos Capital
Delos Capital, established in 2013, is a private equity firm focused on investments in the lower middle market, including management buyouts and growth capital. More details are available at www.deloscap.com.
About The Silverfern Group
The Silverfern Group is a global investment management firm specializing in middle-market investments. Further information can be found at www.silfern.com.
