Private investment firm acquires Pacific Northwest MRFs

New York-based Delos Capital, a middle-market private equity firm, and Connecticut-based The Silverfern Group, an investment firm, have acquired Tacoma, Washington-based Pioneer Recycling Services LLC.

Pioneer operates material recovery facilities (MRFs) in Tacoma and Clackamas, Oregon. Both MRFs sort commingled residential and commercial recyclables. According to a news release from Delos Capital, Pioneer’s facilities focus on providing environmental services and solutions for commercial, industrial, municipal and residential customers.

“We are excited to partner with Silverfern and the management team of Pioneer, a best-in-class provider of sustainable recycling services,” says Michael Rakiter, partner at Delos Capital. “Since the company’s formation in 2014, the founders of Pioneer have consistently invested in state-of-the-art equipment and process innovation to provide the highest levels of service.”

Pioneer Recycling Services Chief Executive Officer Tommy Crenshaw adds, “Pioneer is thrilled with our new partnership. We are confident that deploying Delos' and Silverfern’s proven growth strategies will ensure long-term profitability for all stakeholders.”