Welcome!

News Feed Item

Millbrook Capital Management Inc. Enters the Waste and Recycling Equipment Industry With Two Acquisitions

NEW YORK, NY -- (Marketwire) -- 01/07/13 -- Millbrook Capital Management Inc., a New York City-based investment firm led by John S. Dyson, announced today that it has created a new entity to enter the waste and recycling equipment industry. The new entity, Wastebuilt Environmental Solutions, LLC (Wastebuilt), has acquired two companies: Stepp Equipment Company and Galfab, Inc. and is seeking similar acquisitions. These two companies have combined annual revenues of approximately $40 million. The purchase price was not disclosed.

"We believe that the national haulers, municipalities, dealers, distributors, and local haulers in the waste and recycling industry will benefit from a well-capitalized and customer-focused source for equipment, parts, and maintenance," said Alan Rivera, Executive Vice President and Chief Financial Officer of Millbrook Capital Management. "By combining a leading service, parts and distribution company with a high quality manufacturing company, we have drawn on the best of both worlds."

Commenting on the news, Greg Podell, Wastebuilt CEO, said, "I am extremely excited about combining two experienced companies in the waste and recycling equipment industry. The experience and expertise these two companies bring to this industry are unmatched."

"I am looking forward to being part of Wastebuilt," said Don Galbreath, owner of Galfab Manufacturing. "After over 50 years in the industry, I cannot think of a better partner than Stepp Equipment. I am thrilled Wastebuilt brought us together."

Ken Kozelka, Vice President and Co-Owner of Stepp Equipment, added, "This is a historic day for our company. We are moving onto the next chapter for Stepp Equipment."

The two companies will continue to operate in their existing locations and offer a wide variety of products and services to their customers.

About Millbrook Capital Management Inc.
Millbrook Capital Management Inc., headquartered in New York City, specializes in private equity investments. The firm invests in buyouts, divestitures, and take-private transactions of lower middle-market manufacturing and business services companies. For additional information, please contact Alan Rivera at 212-586-4333.

About Stepp Equipment
Stepp Equipment specializes in the refuse, scrap and recycling industry. The company was established in 1959 by Jim Lambert Sr. and has grown to sell and service a large sector of the refuse industry in Northern Illinois, Northern Indiana, and Wisconsin. Stepp has offices in both Chicago and Metropolitan Milwaukee. For additional information, please visit www.steppequipment.com.

About Galfab
Galfab, based in Winamac, Indiana, is a manufacturer of cable roll-off hoists, single axle hook hoists, open top roll-off containers, packer receiver containers, self-contained compactors, self-dumping hoppers, and various other products for transportation in the garbage and scrap industry. For additional information, please visit www.galfab.com.

CONTACT:
Greg Podell
CEO, Wastebuilt Environmental Solutions
Email Contact
843.655.8640

Julia Bonner
Adam Friedman Associates
Email Contact
917.675.6248

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...