MACQUARIE ASSET MANAGEMENT COMPLETES ACQUISITION OF DTG RECYCLE

The ensuing possession construction will speed up DTG’s progress trajectory and solidify its management place as the most important privately held vertically built-in non-MSW recycling enterprise in Washington State; the funding could have no impression on the corporate’s current providers or operations.

As a part of the transaction, Tom Vaughn will proceed as Chief Government Officer, and Dan Guimont will turn out to be Chief Improvement Officer. Each Tom and Dan shall be members of the Board of Managers of DTG and significant homeowners of the corporate alongside MAM.

“We’re excited to companion with Macquarie Asset Administration via this funding into DTG. With their deep information of the area and their monitor document of offering ongoing capital and devoted help to administration groups, we will speed up our progress each inside our current space of operations and into adjoining geographies. This partnership will assist us proceed to advocate for elevated diversion of recyclable non-MSW supplies out of landfills and help our communities’ sustainability objectives,” stated DTG Chief Government Officer Tom Vaughn.

MAM-managed funds have invested over $4.5 billion within the waste trade within the Americas since 2007, together with realized investments in Waste Industries, WCA, and GFL Environmental, and present investments in WIN Waste Improvements, Solví, LRS, Greenwaste and now DTG.

“We’re excited to companion with Tom and Dan and the remainder of the DTG administration workforce in supporting their subsequent stage of progress. Macquarie Asset Administration has important expertise supporting waste companies like DTG and invests in individuals, processes and programs to strengthen current platforms, help future progress and enhance efficiency. DTG’s management in non-MSW recycling and deal with a diversion led enterprise mannequin differentiates the corporate and positions it effectively to satisfy the sustainability expectations of the communities through which DTG operates,” stated Karl Kuchel, CEO of Macquarie Infrastructure Companions.

Since its formation in 1999, DTG has grown from a single truck to a regional chief in non-MSW recycling and diversion with a number one community of assortment property, together with greater than 3,900 containers and a fleet of over 270 autos, 12 supplies restoration amenities (MRFs) throughout the Puget Sound area and a landfill.

“I’m pleased with the greater than 500 staff of DTG who make a distinction on daily basis within the communities through which we function. It’s significantly pleasing to see DTG make this transition into its subsequent stage of progress with Macquarie Asset Administration and I’m trying ahead to my very own transition into an acquisitions targeted position that can see DTG proceed to consolidate its working footprint and broaden into adjoining geographies,” stated Dan Guimont, Founding father of DTG and now DTG Chief Improvement Officer.

Nomura Greentech acted as unique monetary advisor to Macquarie Asset Administration and White & Case acted as authorized counsel.

About DTG Recycle

DTG Recycle is the most important recycler of building, demolition, industrial, and manufacturing waste within the Pacific Northwest. They try for a zero-waste future by accumulating, transporting, processing, and manufacturing waste into progressive finish merchandise from recovered supplies. With a diversified assortment and transportation fleet, they supply distinctive, handy recycling strategies and the trade’s finest customer support. DTG Recycle additionally provides full-service organics processing, transportable restrooms and sweeper truck providers. We’re Buyer Targeted, Planet Obsessed. Study extra at https://www.dtgrecycle.com.

About Macquarie Asset Administration

Macquarie Asset Administration is a worldwide asset supervisor that goals to ship optimistic impression for everybody. Trusted by establishments, pension funds, governments, and people to handle roughly $US509 billion in property globally, we offer entry to specialist funding experience throughout a spread of capabilities together with infrastructure, inexperienced investments & renewables, actual property, agriculture & pure property, asset finance, non-public credit score, equities, fastened revenue and multi asset options.

Macquarie Asset Administration is a part of Macquarie Group, a diversified monetary group offering purchasers with asset administration, finance, banking, advisory and threat and capital options throughout debt, fairness, and commodities. Based in 1969, Macquarie Group employs greater than 19,000 individuals in 33 markets and is listed on the Australian Securities Alternate.

All figures as at 30 September 2022. For extra data, please go to Macquarie.com.

Apart from Macquarie Financial institution Restricted ABN 46 008 583 542 (“Macquarie Financial institution”), any Macquarie Group entity famous on this doc isn’t an authorised deposit-taking establishment for the needs of the Banking Act 1959 (Commonwealth of Australia). The obligations of those different Macquarie Group entities don’t symbolize deposits or different liabilities of Macquarie Financial institution. Macquarie Financial institution doesn’t assure or in any other case present assurance in respect of the obligations of those different Macquarie Group entities. As well as, if this doc pertains to an funding, (a) the investor is topic to funding threat together with potential delays in compensation and lack of revenue and principal invested and (b) none of Macquarie Financial institution or some other Macquarie Group entity ensures any specific price of return on or the efficiency of the funding, nor do they assure compensation of capital in respect of the funding.

John Martin
DTG Recycle
+1 425-549-3000
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