JAM Capital Partners has agreed to make an investment in BACE, a Charlotte, North Carolina-based maker of balers and compactors for the recycling and waste-disposal sectors. No financial terms were disclosed.
CHARLOTTE, NC–(Marketwired – Feb 17, 2015) – BACE, a global manufacturer of balers and compactors for the recycling and waste-disposal industries, has entered a strategic investment partnership with JAM Capital Partners, a Georgia-based private investment firm.
“We are excited to partner with JAM Capital Partners to accelerate BACE’s growth and the development of our revolutionary product line,” said Frederick Waite, BACE co-founder and executive board member. “As we continue to expand our product offerings and capacity, including doubling manufacturing floor space with our move to a new 90,000-square foot headquarters, JAM Capital Partners will serve as a strategic asset and partner for the company.”
“BACE has established itself over the past eight years as the fastest growing vertical baler manufacturer in the world,” said JAM Capital Partners managing director and BACE chairman, Cliff Orr. “BACE is an innovative firm that is well-positioned to continue its ascendancy in recycling and waste management equipment manufacturing. JAM Capital Partners looks forward to playing a role in its continued growth, and we relish the opportunity to offer capital and strategic assistance in furthering BACE’s expansion.”
BACE is a global manufacturer of heavy-duty balers and compactors for use in the recycling and waste management industry, including the patent-pending SmartBaler System™. BACE is headquartered at 2205 North Tryon Street in Charlotte, NC, and will be transitioning to its new 90,000-square foot headquarters at 322 West 32nd Street in March 2015. For more information, please visit www.BACECORP.com or email firstname.lastname@example.org.
About JAM Capital Partners
JAM Capital Partners is a Georgia-based private partnership that manages both private equity and public securities investments in lower middle market companies.