Certified Recycling has been sold to Parallel49 Equity

Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced that Certified Recycling (“Certified” or the “Company”) has been acquired by Parallel49 Equity (“Parallel49”). Terms of the transaction were not disclosed.

Founded by John Dalton Sr. and Louise Dalton in 1977 and based in Anaheim, California, Certified is a leading provider of comprehensive recycling and waste solutions services in Southern California. The Company purchases recyclable materials from over 1,000 suppliers, enabling them to comply with corporate- and government-mandated environmental sustainability targets and resulting in more streamlined operations, reduced disposal costs and incremental revenue. Certified sorts and bales the purchased materials and sells to brokers for use by overseas mills. The Company is regarded among brokers for its consistent volume, exceptional product quality and timely and flexible service.

Lincoln acted as the exclusive financial advisor to Certified, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.

Justin Dalton, Co-Owner and CEO of Certified, commented, “Lincoln’s unique insights and in-depth understanding of our business model, drawn from the firm’s extensive experience in environmental services, allowed them to share our story and value proposition in a highly compelling manner. As a result of the firm’s execution expertise and collaborative approach to working with management, Certified has secured a tremendous partner to help accelerate the Company’s strategic growth initiatives.”

Matt Dalton, Co-Owner of Certified, said, “This transaction was a fantastic outcome for the Company’s shareholders and employees. The investment from Parallel49 presents our family’s business with extraordinary opportunities, including the capital and additional experience to accelerate growth and enhance the level of service and support to our suppliers and brokers.”

John Dalton, Co-Owner of Certified, added, “We were impressed with the level of personal attention and guidance Lincoln provided to our family throughout the sale process. Lincoln’s expert advice and close collaboration enabled us to achieve a successful outcome.”

The sale of Certified builds on Lincoln’s strong experience and expertise in the environmental services market. The firm has completed over 15 transactions in the space since 2012.

About Certified Recycling

Certified Recycling, founded and managed by the Dalton family, is one of the largest recyclers of paper and other recyclable materials in Southern California. The Company has established an excellent reputation in the marketplace through a track record of collecting and supplying a consistent volume of high quality recycled material to overseas mills, as well as providing essential waste solutions services to help businesses reach environmental sustainability targets. Certified Recycling maintains longstanding relationships with suppliers in a variety of industries and operates through two strategically located recycling facilities in Southern California. More information about Certified Recycling can be obtained at www.usa-recycling.net.

About Parallel49 Equity

Parallel49 Equity is a leading private equity firm that invests in profitable, well-managed, lower mid-market companies in the U.S. and Canada. Since its founding in 1996, the firm and its predecessor have managed over C$1.2 billion of investor capital. Parallel49 Equity’s investment in Certified Recycling was made out of Parallel49 Equity Fund V. More information about Parallel49 Equity can be obtained at www.p49equity.com.

Share: