Keter Environmental Services acquires Atlanta-based waste management, recycling services company

Keter Environmental Services, a full-service recycling and waste management company focused on providing sustainable recycling and waste programs based in Stamford, Connecticut, has acquired M-PASS Environmental, an Atlanta-based waste management and recycling solutions company. Founded in 2006, M-PASS provides waste management and recycling services to customers across a number of industries, including industrials and manufacturing, distribution, food and restaurants, multifamily housing and education. According to Keter, terms of the transaction were not disclosed.

“We are excited to welcome the M-PASS team to the Keter family,” says Steven Schlussel, CEO of Keter. “Customers of both Keter and M-PASS stand to benefit tremendously from the combination of our platforms. M-PASS has built a reputation for quality, reliability and efficiency across a broad range of sectors. The addition of M-PASS represents the continuation of our growth strategy as we seek to enhance our capabilities and deliver our full suite of services into new industries and geographies.”

According to a news release from Keter, the company is one of the largest providers of recycling and waste services to the real estate investment trust industry and has built a presence in several industrial end markets, including food processing, medical device manufacturing, auto assembly and engineered components. The company also provides customers real-time recycling and waste reporting through its proprietary software and digital platform.

“We are delighted to be joining Keter in our collective mission to help companies reduce costs, streamline their waste management and recycling programs and realize their zero waste goals,” says Lorraine White, president and founder of M-PASS. “We look forward to leveraging Keter’s unmatched technology and scale to offer our customers a broader set of high-quality waste and recycling solutions.”

JGS Resources, a freight and waste logistics transaction advisory firm, served as a financial advisor to M-PASS in relation to this acquisition.

Keter recently announced it received an investment from TPG Growth, a middle market and growth equity platform of alternative asset firm TPG. With the investment from TPG, Keter says it is continuing to act on its growth strategy through organic growth initiatives and strategic acquisitions.