Acquisition Leverages Strengths of Both Companies to Achieve Long-term Strategy for Growth
LOS ANGELES—April 15, 2019—Atar Capital, a Los Angeles-based global private investment firm, announced today it has acquired Sustainable Solutions Group (SSG) through its portfolio company, Recycling and Waste Solutions (RWS). RWS, headquartered in Chadds Ford, Pa., provides the nation’s largest supply chains with innovative managed solutions for commodity recycling and waste services. SSG, based in Woodstock, Ga., provides and manages recycling, waste and sustainability programs for regional and national companies throughout North America. Consolidating the two companies into a single firm expands their ability to deliver sustainable, economic waste solutions and broadens opportunities for growth. Financial terms of the agreement were not disclosed.
Founded in 2009, SSG is a leader in commercial waste reduction and recycling solutions nationwide. As one of the fastest-growing companies of its kind, SSG is dedicated to developing comprehensive waste reduction programs for a large portfolio of commercial clients comprised of retail centers, enclosed malls, office buildings, hotels and mixed-use properties, among many others.
This is Atar’s third acquisition in six months. The firm specializes in corporate divestitures, complex carve-outs and turn-around situations across a wide range of industries and geographic markets. Commenting on the acquisition of SSG, Cyrus Nikou, founder and managing partner of Atar Capital, said, “We see tremendous opportunity in the commercial property management and multi-family residential sector. Combining the competitive strengths of RWS and SSG provides the opportunity for both companies to achieve their full potential and expand their verticals into multi-family and comprehensive facility services.”
Robert Lezec, senior managing director at Atar, added, “We strongly believe in the future of asset-light facilities management service businesses due to their inherent scalability and value to large national multi-site customers looking for a single source solution provider focused on delivering a wide range of sustainable services. SSG expands and significantly enhances RWS’ already diverse category management capabilities.”
Nikou led the Atar deal team that also included Lezec and managing directors Stanley Huang and Vijay Mony. Anthony DiIenno, president and CEO of RWS and a member of Atar’s Senior Advisory Board, provided subject matter expertise in support of the transaction.
Atar Capital is a global private investment firm that benefits from over 60 years of combined operationally-focused investment experience from its principals having completed over 60 private equity transactions across North America, Europe and South America. Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit opportunities for growth, revitalization, and value creation.
Atar Capital’s combination of operational expertise, industry knowledge and investment experience provide a unique edge in creating value and working as a true partner with its portfolio companies. The firm assists with initiatives ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar’s leadership team as well as its bench of seasoned senior advisors with deep sector and functional expertise. For more information, please visit: www.atarcapital.com.
Recycling and Waste Solutions (RWS) provides the nation’s largest supply chains with innovative managed solutions for commodity recycling and waste services in addition to obsolete destruction services, project management and equipment sales and service. Helping thousands of locations across North America achieve savings and greater sustainability, RWS understands the corporate value of environmental and economic waste solutions that reduce costs, drive commodity revenue and improve overall services through flawless execution. For more information, please visit: https://recyclingwaste.com.
Founded in 2009, Sustainable Solutions Group (SSG) is leading the industry in commercial waste reduction and recycling solutions nationwide. As one of the fastest growing companies of its kind, SSG is dedicated to developing comprehensive waste reduction programs for its clients by increasing efficiency and reducing costs. SSG continues to build successful relationships with a large portfolio of commercial clients comprised of retail centers, enclosed malls, office buildings, hotels, and mixed-use properties among many others. For more information, please visit http://www.ssgwaste.com.
Sterling Kilgore, Inc.
630-964-8500 ext. 223
Atar Capital, Director
+ 1 (310) 870 0808