Closed Loop Partners-Led Consortium Acquires Majority Stake in Sims Municipal Recycling
March 2, 2022
A fund managed by Closed Loop Partners led a consortium of investors, including the Partnership Fund for New York City and several strategic corporate investors, to acquire a majority stake in Sims Municipal Recycling (SMR). The investment will modernize and expand SMR's circular-economy infrastructure across the New York–New Jersey metro area and Florida, accelerate recovery of recyclable commodities, and support geographic and capability expansion of SMR's operations.
- Buyers
- Closed Loop Leadership Fund (managed by Closed Loop Partners), Closed Loop Circular Plastics Fund (managed by Closed Loop Partners), Partnership Fund for New York City, Microsoft Climate Innovation Fund, Nestlé, PepsiCo Beverages North America, Unilever, Dow, LyondellBasell, NOVA Chemicals, Sealed Air, SK Geo Centric Co., Ltd.
- Targets
- Sims Municipal Recycling
- Sellers
- Sims Limited
- Industry
- Environmental Services
- Location
- New York, United States
- Transaction Type
- Buyout
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