Holding Company Acquires Recycler

Bolder Capital, LLC  announced that Recycled Holdings Corp., a company formed by Bolder, has completed the acquisition of Mid-America Recycling from a number of retired shareholders.

Mick Barry, one of Mid-America's top management officials, explains that the holding company essentially bought out seven of the nine private shareholders in the company. These seven were retired, and we felt that that it would be beneficial for us to allow these people to recoup their investments. At the same time, the infusion of new capital will give the company a better opportunity to grow the business through strategic acquisitions. 

Mid-America has locations or joint partnership arrangements in seven states in the Midwest: Iowa, Nebraska, Oklahoma, Minnesota, MIchigan, South Dakota, and Missouri.

According to Todd Hamilton, managing director of Bolder, "MAR is one of the largest independent providers of recycling services in the United States and will serve as the platform for Bolder's build-up strategy in recycling services through RHC."

MAR provides recycling services for aluminum, glass, paper, plastic and other materials. The company operates 11 recycling plants and two consumer recycling centers. The facilities' processing capabilities include baling, shredding, granulation, crushing and beneficiation of recyclables, as well as manufacturing of both equipment and paper products.

MAR is a low-cost, high quality provider of recycling services with industry-leading proprietary operational capabilities and processes. These capabilities, coupled with MAR's portable and scaleable business model, are well suited for geographic expansion and acquisitions of traditional media and e-waste recycling companies.