Broadview Group Holdings, LLC, a leader in direct middle-market investing, announced its investment in Certified Waste Solutions in conjunction with EXI Investment Partners, management, and other co-investors. Terms of the transaction were not disclosed. Founded in 1977, Certified has more than four decades of expertise providing commercial and industrial recycling and waste solution services in Southern California. With processing facilities in Anaheim, CA and San Diego, CA, the Company collects recovered paper from a diverse set of blue-chip suppliers in commercial and industrial end-markets. The Company also provides holistic waste management consulting services for industrial, office, and retail customers aimed at diverting landfill waste, adhering to local regulations, and attaining zero waste initiatives.
“Thanks to Certified’s existing leadership team and legacy in their markets, the Company has earned a fantastic reputation among its existing suppliers and customers.” said Clay Hunter, Co-Founder and Chief Executive Officer at Broadview. “Certified will continue to benefit from the increasing use of recovered paper in containerboard production throughout the world, increasing recycling regulations, and positive trends in corporate sustainability goals. In response to the changing macro-environment, Certified established its waste solutions offering to help companies navigate ever-changing waste regulations and ESG initiatives. We’ve been very impressed by the team’s entrepreneurial mindset over the past several years and we’re thrilled to partner with them for the next stage of growth.”
“The teams at Broadview and EXI bring tremendous investing experience, support, and resources to the table to help us accelerate our growth,” said Justin Dalton, Certified’s CEO. “Both groups share our strategic vision to grow Certified via initiatives to further create value for our suppliers and customers while also pursuing strategic acquisitions. Building something special can take time. Broadview’s permanent capital base and resulting long-term and flexible approach were clear differentiators as we thought about the ideal profile for our next partner.”