Wall Recycling Announces Sale of Scrap Metal Division to Foss Recycling
.png)
Wall Recycling Announces Sale of Scrap Metal Division
RALEIGH, N.C., April 17, 2024 Wall Recycling, LLC (the "Company" or "Wall Recycling"), a premier provider of waste and recycling solutions, today announced the sale of its scrap metal recycling operation (the "Scrap Metal Division") to Foss Recycling. The transaction allows Wall Recycling to strategically focus on its core integrated waste operations. Financial terms of the transaction were not disclosed.
“This transaction is a win-win. Wall Recycling remains committed to being the premier provider of waste and environmental services in North Carolina and can now dedicate more resources to our core and growing integrated waste operations. At the same time, we believe the Scrap Metal Division will continue to thrive under the new ownership of Foss Recycling, leveraging its expertise and resources to further expand its reach and capabilities for the benefit of its customers."
Dustin Hill, Chief Operating Officer of Wall Recycling
"We are proud of our legacy and reputation as a trusted leader in the recycling industry, and we extend our gratitude to the employees, customers, and stakeholders associated with the Scrap Metal Division for their dedication and support over the years, all parties are committed to ensuring a seamless transition.”
Dustin Hill, Chief Operating Officer of Wall Recycling
Wall Recycling is backed by industrial-focused private equity firm Allied Industrial Partners (“Allied”). The Company plans to be acquisitive and will look to build upon its strong waste platform while maintaining its leadership in the North Carolina market.
“We are proud to support the Company in this important transaction. This is a significant and strategic step in Wall Recycling's evolution and positions the Company for its next phase of growth.”
Bradford Rossi and Philip Wright, Managing Partners of Allied
About Wall Recycling
Wall Recycling is a premier provider of integrated waste and recycling solutions in North Carolina. With a commitment to sustainability and innovation, Wall Recycling provides full-service waste management for both commercial and consumer customers. For more information, visit wallrecycling.com.
About Allied Industrial Partners
Founded in 2019, Allied Industrial Partners LLC (“Allied”) is a lower-middle market private equity firm that thematically invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure. Allied seeks to partner with experienced management teams that can benefit from its operational enhancement capabilities and active, hands-on involvement, allowing the firm to execute buy-and-build strategies. For more information, visit alliedindustrialpartners.com.
Media Contacts:
Jennifer Hurson
845-507-0571
jhurson@lambert.com
or
Caroline Luz
203-570-6462
cluz@lambert.com
Allied Industrial Partners LLC is a lower-middle market private equity firm that applies an operationally focused, thematic approach to invest in high-growth industrial companies. Allied seeks to partner with experienced, culture-driven businesses that will benefit from the Firm’s strong operating heritage and extensive M&A capabilities. The Firm is headquartered in Houston, TX.
