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Battery Solutions Receives Investment

Metallics, Additional Commodities

Company also hires Michael Profit as CEO.

Recycling Today Staff January 9, 2013

Battery Solutions,  Howell, Mich., has announced that Michael Profit has joined the company as CEO concurrent with an investment from the private equity firm Alston Capital Partners.

The company, which operates throughout the United States, has developed flexible battery recycling solutions to handle all battery chemistries in an environmentally and regulatory compliant manner.

Prior to joining Battery Solutions Profit was CEO of Intechra Group, an asset management and electronics recycling firm that was sold to Arrow Electronics.  

Profit says, “Battery Solutions is a high-growth company with tremendous potential to continue to be a leader in all forms of battery collection and recycling. The existing management team has done an outstanding job building an industry leader and I look forward to working with the entire team to carry forward their success.”  

Battery Solutions also reports that it recently received an investment from Alston Solutions, which invests in companies in the environmental sector.

Chris Sova, Battery Solution’s founder, says, “We are thrilled to have Michael join the team and we look forward to benefiting from his leadership and relevant experience as the industry and our business continues to evolve and grow.”

Jeremy Sova, vice president of account management, says, “We are very excited to enter the next chapter of the company’s development. We are confident that the addition of Michael Profit and a strong capital provider, skilled in building businesses, will strengthen our ability to serve our customers.”

Battery Solutions specializes in customized battery recycling solutions for all battery types, in all situations, anywhere in the United States. Its services include program design, collection systems, logistics, disassembly, chemistry identification, sorting, separation, processing, regulatory compliance and documentation.  
More information is available at www.batteryrecycling.com

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