National Waste Partners, which is backed by Bestige Holdings LLC, has acquired Lake Mills, Wisconsin-based J-Mec Inc, a provider of waste and recycling related equipment. No financial terms were disclosed.
Park City, UT – November 3, 2017 – National Waste Partners, a portfolio company of Bestige Holdings, LLC, announces that it has purchased J-Mec, Inc., from its owners and founders, Jim and Michelle Mechler. Terms of the transaction were not disclosed. The acquisition of J-Mec represents an important step in helping National Waste Partners achieve its strategic objectives of expanding both its sales and service offerings while further supporting its growing portfolio of rental assets.
Founded in 1992 by owner Jim Mechler, J-Mec is the Midwest’s leading distributor, installer and service provider of waste and recycling related equipment and has a long-standing reputation for product selection, creative problem solving, and service excellence. With a team of over 40 technicians and fabricators, world-class facilities and a large fleet of field service trucks and semi-tractor trailers, the company is able to deliver its superior sales and service expertise to customers within the greater Midwest region and across the United States.
“At Bestige, we pursue opportunities to acquire and integrate businesses into our portfolio companies that add value and enable growth” commented Nathan Richey, Co-Founder and Managing Partner of Bestige Holdings. “J-Mec is an ideal addition to the National Waste portfolio. It bolsters our team of leading service professionals, triples the size and enhances the offerings of our sales and services organization, and expands our national footprint.”
“Jim has built and led an exceptional organization, one we are proud to be rolling into our platform” added Brian Gibson, CEO of National Waste. “J-Mec – its people and processes – bring a deep level of expertise and a proven track record of building and running a high performing sales and service organization. We look forward to working with Jim and his team to further leverage our collective businesses toward our shared vision to better serve our customers and the industries in which they operate.”
About National Waste Partners, LLC
National Waste Partners, through its various subsidiaries, provides compactor and baler rentals, repair, and waste coordination services to over 2,000 customers across 43 states. Subsidiaries include Compactor Rentals of America, National Compactor Rentals, Action Compaction Services, Environmental Equipment Services and CWS. The company’s headquarters is in Phoenix, AZ with additional divisions operating out of Chicago, IL and Louisville, KY. For additional details please visit: www.compactorrentalsofamerica.com, www.nationalcompactors.com and www.eescompactors.com.
About Bestige Holdings, LLC
Bestige Holdings is a long-term focused private investment firm that is building and developing a portfolio of debt and equity investments in high potential businesses. Bestige invests in businesses with high potential, reasons to exist, and strong value propositions that it can work with for decades to come. Investment candidates typically include those with headquarters and/or significant operations within North America, $10 to $250 million of revenue, and slightly negative to positive $20 million of EBITDA. For additional details Bestige’s web-site can be found at www.bestigeholdings.com.