Boxwood Partners, a trusted M&A advisor, announces its involvement in another successful closed deal. PTR Baler and Compactor Company, a leading waste and recycling equipment manufacturer, technology innovator and national service provider for vertical balers, stationary compactors, self-contained compactors and related equipment was acquired by Komar Industries, a portfolio company of Toronto-based private equity firm, ONCAP. Komar is a leading designer and manufacturer of industrial waste and recycling processing systems.

Boxwood Partners served as the exclusive sell-side advisor in the transaction, which was led by Managing Partner, Patrick Galleher, Managing Director, Brian Alas, Director, Robbie Nickle, along with Analyst, Drew Frank. The terms of the deal were not disclosed. “We are ecstatic to partner with Komar Industries to produce an unrivaled brand of quality equipment and service. It is great to find a company who shares our commitment to manufacture high quality products combined with outstanding service to our customers,” said Mike Savage, PTR’s CEO and President.

Komar and PTR see tremendous value in leveraging their combined engineering and technological capabilities to drive further innovation within the waste and recycling industry. “Since day one, the Boxwood team brought focus, commitment, and incredible knowledge to our process,” Savage added. “We could not have selected a better team to bring our transaction full circle. We appreciated their intensity and experience which helped produce a successful outcome for all of us.”

This deal builds on Boxwood Partners’ strong presence in the waste, recycling and environmental services industries and follows the firm’s impressive 2022, which included 12 closed deals and team expansion to keep up with continued activity and consistent demand for their trusted advisory services. Patrick Galleher, Managing Partner of Boxwood Partners, noted, “The best part of our role in these types of transactions is seeing all the involved parties walk away with mutually-beneficial desired outcomes. We know that Komar’s investment will amplify PTR’s brand impact, and strengthen the value and services available to customers.”

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