GulfStar Group’s Post

Our Sustainability Practice is on a roll!

This a great thing to see for waste & recycling brokerages Tells us: 1) there's funding out there for transactions, especially if there's deep pcokets behind the brand 2) sellers & buyers are finding agreeable terms to make a deal 3) Deal guys won't all starve in this high interest rate environment

There are only a few seismic changes you may face during your career and this is one of them for me. Having been around Lithium Battery wastes for nearly 12 years with all the hard work in learning and developing recycling techniques to manage them it all feels like it’s lead to this point. That said I wouldn’t be at the stage and business level without the belief from the Cawley family and their shared vision that having a UK based Lithium Battery recycling business was worth investing and growing to what we have today, one of the UKs first commercially licensed shredding facility that has been developed over the last 14 months with full circular economy. The synergy with SUEZ now makes complete sense and accelerates the excitement for our futures. 🚗💨⚡️ Lithium Battery Recycling Solutions Cawleys Waste & Resource Management SUEZ

More consolidation happening in the waste industry. Shred-it, a Stericycle company, is now part of Waste Management. Waste Management also acquired Ray's Trash less than 2 years ago, which also had a shredding division. This comes as less than 2 years ago Sharps, Curtis Bay Medical Waste, Medical Waste Management, and RedAway Medical Waste all merged. How do you feel about these large acquisitions/mergers?

Great news for the North American battery recycling market! Glencore saves Li-Cycle by what in many ways can be seen as a take over. A $75M convertable note which converts at a pre-money valuation of around $95M, three board seats to an important supplier of feedstock and buyer of the company's processed materials. The amount is far from the previously announced need to complete the material recovery plant in New York but may be sufficient to adapt to the new situation going forward with less refined intermediaries. That the LCE price has dropped from its record level should probably also help in the near future when sourcing material in both North America and Europe.

More great coverage of this week's annual results, with Business Plus Magazine also highlighting our exclusive options in Donegal (for carbon credits) and Limni (for copper tailings recycling) in addition to summarising the great sample results coming out of our Olserum REE project. Read more hree: https://lnkd.in/eZAaRRXu #EGT #GreenTransition #GreenEconomy

One person's trash is another investor's treasure... Having worked on relevant deals, Joel Slater and Samuel McCabe share their insights on the waste management and recycling industry—including a breakdown of the value chain as well as successful investment strategies supported by Stax. https://lnkd.in/dEVqNz8A #WasteManagement #Recycling #PrivateEquity

Tecum Capital is excited to announce its investment in Long Island Waste Services Llc. LIWS is a vertically integrated solid waste hauling company servicing commercial, residential, and industrial customers. Founded in 2020, LIWS’ comprehensive services encompass efficient waste collection, state-of-the-art transfer stations, materials recovery facility and environmentally responsible disposal. LIWS specializes in materials processing and commodities recycling where various recyclables such as cardboard, paper, metals and construction materials are recovered for resale or alternatives applications.  Tecum and Patriot Capital supported a #recapitalization led by Terramont Infrastructure Partners, partnering with the founders and management team. Dickson Suit of Environmental Services Investors served as an advisor for LIWS, and Comerica Bank provided senior debt financing for the transaction. LIWS has a strong and experienced management team, led by Anthony Avellino, President and CEO, who has been instrumental in the Company’s huge growth and expansion over the last three and a half years achieved through the acquisition of several waste management service companies as well as the expansion of the Company’s service capabilities. Anthony Avellino commented, “We have invested significant capital into the LIWS platform, and the Company is now well positioned for continued growth.” Matt Harnett, Partner at Tecum stated, “We’re extremely excited to be backing the LIWS team through its next phase of growth”. Husnain Safdar, Senior Vice President at Tecum added, “The business has compelling fundamentals with great company culture and market reputation. We’re excited about our partnership with management and Terramont and further building upon Tecum’s experience investing in waste and environmental service businesses”. Matt Harnett, Husnain Safdar, and Carter Henderson led the investment at Tecum.  See more here https://lnkd.in/eU53Jjaw #environmentalservices #waste #wastemanagement #privateequity #investment #recycling

Fantastic achievement by Orica. Large industrials are on a very long decarbonisation journey. Some will go further and move quicker than others, not because of a lack of will or ambition but because technical and financial barriers are significant and even insurmountable for some. This is why it is a net zero target by 2050 as it recognises that while we will do all that we can there will be occasions where a viable solution simply does not exist.