Combines two market-leading, asset-light managed service providers focused on sustainable waste and recycling solutions

EAST LONGMEADOW, Mass.--(BUSINESS WIRE)--

Northstar Recycling Company, LLC (“Northstar”), a national leader in sustainability-oriented managed waste and recycling solutions, today announced the acquisition of Waste Technology Services, LLC (“WTS”). WTS is an asset-light provider of responsible byproduct and waste management services and related environmental consulting solutions.

Founded in 1982 and headquartered in Lewiston, New York, WTS serves the specialty chemical, pharmaceutical, high technology, and diversified industrial end markets with comprehensive solutions to sustainably manage complex manufacturing and processing waste streams. WTS empowers its clients to manage industrial waste streams, byproducts, and reusable materials in a compliant manner by leveraging its robust technical capabilities, Responsible Care® Management System, and long-standing culture of safety and stewardship. WTS is an industry leader in providing objective environmental consulting guidance and delivering circular economy solutions through recycling, reuse, and reclamation of industrial waste streams.

“We are thrilled to welcome the WTS organization to Northstar. Uniting Northstar and WTS creates a unique platform with differentiated scale, expertise, and resources to deliver comprehensive, sustainability-oriented managed waste and recycling services across industries,” said Seth Goodman and Noah Goodman, co-founders of Northstar, in a joint statement. “By combining WTS’ technical expertise in industrial waste streams and compliance-driven solutions with Northstar’s scale and operational capabilities serving adjacent end markets, we are well positioned to deliver broader, more innovative services that meet the evolving needs of our collective clients.”

Gary Hall, co-founder and Chairman of WTS, and Michael Oliver, co-founder and Vice Chairman of WTS, added: “At WTS, the principles of ‘Goal Zero’ – zero injuries, zero incidents, zero compliance issues – begin with protecting people and communities and have anchored our Responsible Care® journey for more than 40 years. Together, Northstar and WTS will maintain this legacy with an expanded focus to offer the broadest set of sustainability-oriented managed waste solutions in the industry.” Michael Wurst, President of WTS, concluded: “The WTS team is excited to partner with Northstar in the next chapter of our evolution. Northstar and WTS have shared values and provide highly complementary services, and we look forward to continuing to deliver differentiated customer-centric solutions and outcomes to our long-term partners.”

Northstar has successfully completed three acquisitions since its 2021 recapitalization led by Ridgemont Equity Partners and Northstar management. Northstar continues to pursue opportunities to partner with other leading providers of managed waste and recycling solutions that share a commitment to organizational culture, waste diversion, best-in-class service delivery, and data-driven outcomes.

About Northstar Recycling

Northstar is an asset-light provider of sustainability-oriented managed waste and recycling solutions to leading food, consumer packaged goods, and other industrial clients. Northstar helps its customers recycle more and landfill less by diverting organic and other waste streams from landfills into a variety of beneficial reuse applications with the support of its robust network of recycling outlet partners. Northstar’s proprietary technology platform provides enhanced reporting and analytics capabilities that enable clients to track waste diversion initiatives and value recovery outcomes in real-time. www.northstarrecycling.com

About WTS

WTS is an asset-light provider of waste and byproduct management services for generators of hazardous and non-hazardous waste streams from industrial manufacturing processes. WTS’ services help its clients manage their waste streams in a safe and compliant manner as well as achieve their waste minimization, landfill avoidance, and scope three emission reductions targets. WTS is a leader in implementing alternative solutions from disposal for excess inventory and off-grade industrial materials. www.wtsonline.com

About Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, healthcare, and industrials sectors for over three decades. The principals of Ridgemont have demonstrated an industry-focused model designed to build distinctive middle market companies. www.ridgemontep.com

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Source: Northstar Recycling Company, LLC