Closed Loop Partners, a New York based investment firm focused on building the circular economy, announces the acquisition of a stake in Balcones Resources through its private equity fund, the Closed Loop Leadership Fund. Balcones Resources is a nationally recognized, best-in-class environmental services company that has been in business for 25 years, handling commercial and residential recycling, among other services, in Texas and Arkansas. Their commitment to operational excellence, advanced technology, and long-term partnerships makes Balcones an ideal platform to scale the circular economy within their current markets and across the United States.
Kerry Getter, Chairman and CEO of Balcones will continue to lead the company. Getter says, “The expertise that Closed Loop Partners brings to the new relationship will provide unprecedented opportunities for corporate management and shareholder growth. Balcones and Closed Loop Partners’ cultures are similarly aligned. Together, we will be able to enhance employee opportunities, services to our customers, and assist in achieving a diverse set of ambitious environmental goals.”
The partnership builds on Closed Loop Partners’ extensive network of strategic stakeholders across the recycling and manufacturing value chain, from supplier relationships with corporate partners to recycling facilities to manufacturers across the United States. By better connecting and integrating the system, costs and volatility in the market are reduced.
“We’re investing across the supply chain with a long-term view of a more profitable and sustainable future,” says Ron Gonen, CEO of Closed Loop Partners. “By scaling best-in-class businesses like Balcones, we will strengthen recycling and circular economy infrastructure in the U.S.”