CHICAGO, Jan. 12, 2005 (PRIMEZONE) -- Bolder Capital, LLC ("Bolder") announced today that Recycled Holdings Corporation ("RHC"), a company formed by Bolder, has completed the acquisition of Mid-America Recycling ("MAR").
According to Todd M. Hamilton, Managing Director of Bolder, "MAR is one of the largest independent providers of recycling services in the United States and will serve as the platform for Bolder's build-up strategy in recycling services through RHC."
MAR provides recycling services for aluminum, glass, paper, plastic and other materials. The Company operates eleven recycling plants and two consumer recycling centers. The facilities' processing capabilities include baling, shredding, granulation, crushing and beneficiation of recyclables, as well as manufacturing of both equipment and paper products.
MAR is a low-cost, high quality provider of recycling services with industry-leading proprietary operational capabilities and processes. These capabilities, coupled with MAR's portable and scaleable business model, are well suited for geographic expansion and acquisitions of traditional media and e-waste recycling companies.
Bolder Capital, LLC is a Chicago-based private investment firm established as a joint venture between an affiliate of The Jordan Company, a New York-based private equity firm, and The Edgewater Funds, a Chicago-based private equity firm, for the sole purpose of acquiring and/or investing in micro-cap companies with enterprise values between $20-60 million generating a minimum of $3-8 million EBITDA. Bolder Capital has over 50 years of combined investment experience and substantial financial resources dedicated to the Bolder initiative. In addition, the principals of Bolder have extensive operating experience in a broad range of industries, having acquired or funded more than 400 companies.