Clearwell Group announces that it has acquired Equipco Manufacturing, Inc., a Miami, Florida based manufacturer of solid waste handling equipment, through its portfolio company Iron Container. Founded in 2003 by the Acosta family, Equipco is one of the Southeast’s largest producers of roll-off containers, compactors, front-load containers, rear-load containers, and other specialty containers and parts for the waste-management industry. The company has achieved its growth through a dedication to building high quality products, investment in its people and community, and outstanding customer service.
“We are excited to partner with Clearwell Group in the next chapter of the Equipco story,” said Blanca Acosta, co-founder of Equipco. “Since founding the company with my father, the entire Equipco team has worked diligently to grow the business and provide superior customer service for our clients, and this transaction reflects their hard work and dedication. We chose Clearwell Group to continue the legacy of our family’s business and we look forward to working alongside the Iron Container team in the years to come. I have no doubt we will capitalize on our immediate growth opportunities with a combined team of over 40 years industry knowledge and experience.”
“Partnering with Clearwell Group and the Equipco team in this transaction will accelerate Iron Container’s growth as we capitalize on the myriad opportunities in front of us in our market,” said John Martorana, President of Iron Container.
“Equipco’s position as one of the largest providers of waste-management containers, industrial compactors, custom equipment and parts in the southeast United States is a testament to the vision and leadership of Blanca Acosta and her team over many years. We are excited to partner with Equipco and to continue working with the Iron Container team to build one of the leading manufacturing businesses in our home state of Florida,” said Ryan Cortner, Partner at Clearwell Group.
Clearwell Group partnered with Sterling National Bank, which provided debt in support of the transaction. “We are thrilled to partner with Clearwell Group and their investment in Equipco Manufacturing. The Company has built a tremendous reputation as a leading manufacturer of waste management equipment, and we are excited to be a part of this next phase,” said Barbara Coffin, Vice President of Sterling National Bank.