Clairvest leads its sixth minor growth equity financing in DTG Recycle
Category: #business  By Saipriya Iyer  Date: 2020-01-21
  • share
  • Twitter
  • Facebook
  • LinkedIn
Clairvest leads its sixth minor growth equity financing in DTG Recycle
  • The deal is done to support the company’s expansion in the Pacific Northwest.
  • This will be Clairvest’s sixth investment in the waste management industry.

Clairvest Group Inc., an equity management company, recently announced that it has, along with Clairvest Equity Partners V, headed a smaller growth equity financing of USD 32 million in DTG Recycle in a partnership with its current shareholders. The portion of Clairvest Group’s investment in DTG was valued at USD 8.7 million.

DTG is known to be a leading recycling and waste hauling firm that operates mostly in the greater Seattle-Tacoma area located in Washington State. The company is primarily focused upon the collection, recycling and further useful re-use of materials coming from the construction, industrial and commercial customers.

Clairvest will partner with Dan Guimont, who happens to be the President and Founder of the company as well as the CEO, Tom Vaughan in order to continue with its impressive expansion with DTG. This investment will be building upon the 14-long-year investment track record of Clairvest within the environmental services industry.  

Clairvest Group’s partner, Adrian Pasricha stated that the company is looking forward to supporting the management team at DTG. The latter’s market position as well as its ability to deliver sustainable and innovative waste solutions to the customers is admirable, Pasricha claimed.

Pasricha further added that the company will support Vaughan, Guimont,  and the team in their quest to advance their ambitious growth plans for DTG.  

DTG Founder, Dan Guimont commented that Clairvest’s style of a partnership-focused investment is a perfect fit for the DTG team. The team is looking forward to having the investor’s support who has experience in building up a good company.

Clairvest’s environmental services market accompanied by its understanding of DTG’s business will prove to be beneficial for the company. It will further help clients meet the sustainability goals as they may expand into newer service lines like commercialization of products from all the recycled materials.

Apparently, Clairvest’s co-investment pool has been capitalized at USD 600 million with its main focus upon equity investments in various growth firms.

Source Credit- https://www.clairvest.com/clairvest-completes-sixth-investment-in-waste-management-sector-through-partnership-with-dtg-recycle/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
By Saipriya Iyer

Global Cladribine Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2026 Executive summ...

Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
By Saipriya Iyer

Global Cardiovascular Disease Drugs ?Market report 2026 focuses on the major Types and Applications for the key players. Global Cardiovascular Disease Drugs market research report also provides analysis of the market share, segmentation, revenue fore...

iKure Techsoft looking to raise USD 5 million in Series A funding round
iKure Techsoft looking to raise USD 5 million in Series A funding round
By Saipriya Iyer

Ratan Tata funded iKure Techsoft, a technology-driven healthcare services startup, is reportedly planning to raise capital for expanding its presence in home grounds and beyond borders while strengthening its technology solutions. Sources with knowl...