Clairvest invests in Beneficial Reuse Management

Clairvest Group Inc., a Toronto-based private equity management firm, together with Clairvest Equity Partners VII, has recapitalized and invested in Beneficial Reuse Management, a Chicago-based provider of beneficial reuse solutions, from Skyline Global Partners and other shareholders.

Clairvest says it has been actively investing in the environmental services sector for over 19 years, and this transaction represents its 10th partnership in the industry.

BRM distributes products to the agriculture, landscape, wallboard and construction end-markets by reusing or converting certain industrial waste streams into value-add products. BRM was founded in 1999 by Dave Schuurman and is currently led by Trevor Schuurman as its CEO and president.

“BRM is a unique company delivering a compelling value proposition for its customer base, including: (i) meeting the growing demand for specialty agricultural nutrients and recycled wallboard, and (ii) providing innovative waste disposal and recycling solutions for industrial waste generators,” says Michael Castellarin, managing director of Clairvest. “We are excited to partner with and support Trevor and his management team to execute an aggressive growth plan and become a leading beneficial reuse and industrial recycling company in the U.S.”

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BRM operates six processing and manufacturing facilities and maintains a distribution network of more than 116 locations to store and distribute materials for beneficial reuse programs.

“Finding innovative and environmentally friendly waste disposal alternatives for our customers has been a key focus for our business over the past two decades,” Trevor Schuurman says. “We remain dedicated to partnering with our customers to provide innovative and effective beneficial reuse solutions—all while contributing to a healthier planet. With Clairvest’s deep industry expertise and strong track record supporting the growth of its partners, we are gaining more than just a capital partner—we are gaining a strategic ally to support our continued growth.”

Raymond James served as exclusive financial advisor to BRM.

The BRM investment is Clairvest’s 69th platform investment and the third investment of CEP VII, a $1.2 billion investment pool, $300 million of which is from CVG.