Consumer, Restaurant & Retail
In our most recent transaction, Equity Risk Partners led the insurance due diligence for Castle Capital's acquisition of Tire Disposal Recycling.
Company: Beginning in July of 1998, Tire Disposal and Recycling, Inc (TDR). purchased Waste Recovery, Inc.'s (WRI) Western tire collection operations. Waste Recovery had begun operating on a small Portland, Oregon industrial site in 1982 and grew to include collection activities in Oregon, Washington, and Idaho. TDR opened a Clackamas, Oregon process site in 1998 to serve its' newly acquired collection activities. In 2004, TDR moved to a permanent location in North Portland called the Rivergate District. The Rivergate District is a Port of Portland industrial park complex serving major Northwest distribution centers by providing great access to rail, truck, and marine services.
Together, the old WRI operations and the now TDR operations have recycled and/or properly disposed of over ¼ billion scrap tires since January of 1983. That amount is an equivalent of 100% of the Northwest's regional scrap tire generation for the last 25 years. Included in these numbers are approximately 10 million scrap tires from stockpile cleanups where the team was contracted to remove, transport, and recycle or dispose of the tires from at least 200 previously permitted, illegal, and/or indiscriminate piles in Oregon, Washington, and Idaho. The Northwest's largest public liability cleanup of over 5 million tires at the Winlock, Washington site was completed on March 31, 1998. TDR's major focus is the collection and processing of scrap tires from generators located in Oregon, Washington, and Idaho. Transportation hubs are located in Portland, Eugene, Seattle, and Boise to provide direct service to our customer base. The management team, many being pioneers in their area of expertise, offer many years of scrap tire collection and processing service.
Investor: Castle Capital is an entrepreneurial investment firm that specializes in acquiring, operating, and growing established businesses. Their investments are for the long-term, focused on privately-held businesses with an established history of growth and profitability, typically with an EBITDA ranging from $1 million to $10 million.
If you would like more information please contact Joshua Richman at firstname.lastname@example.org or (415) 874-7114.