ParkerGale Capital, LP announces its acquisition of OnePlus Corporation, providing waste compactor automated monitoring systems. Founded in 1989, OnePlus has enabled users of large industrial waste compactors, such as commercial property owners, retailers and government agencies, to lower their waste removal costs. Specifically, the company’s patented sensor technology monitors how full a compactor is and alerts both the waste hauler and property owner when it’s time for a pickup. With this technology, OnePlus is helping companies such as Lowes, Home Depot, United States Postal Service, Hyatt Hotels and Amazon save millions a year in waste removal fees, while helping waste haulers like Republic Services and Advanced Disposal to more efficiently manage their fleets and bring additional value to their clients. “OnePlus has successfully taken the value of the Internet of Things and applied it to the process of hauling and managing trash,” said Kristina Heinze, Partner at ParkerGale Capital. “With nine U.S. patents, the OnePlus technology is unmatched and the value it provides brand name clients is not only immediate, but massive – making it a strong fit for our investment portfolio.”
Upon closing, Klaus Voss, a veteran environmental technology and real estate executive with more than 20 years of experience, was named CEO of OnePlus. “For years, OnePlus has operated as the market leader in this space,” said Voss. “I’m excited to work with ParkerGale and lead OnePlus to continue its growth and explore new opportunities for this technology.” In addition to Voss, ParkerGale also brought on the former CFO and EVP of Edline (acquired by Blackboard), Jay Alter, as CFO to help OnePlus improve its systems and facilitate future acquisitions.