Mosaic Capital Partners Announces Investment in Zero Waste Recycling ESOP
August 31, 2021
Mosaic Capital Partners, LLC (“Mosaic”) announced today an investment in the newly formed Zero Waste Recycling, LLC (“Zero Waste”, “ZWR”, or the “Company”) ESOP. Zero Waste is an end-to-end solutions provider helping customers achieve their zero waste-to-landfill initiatives. The Company pairs its extensive recycling and waste transportation capabilities with dedicated on-site industrial and environmental services, offering customized programs to manufacturers seeking to improve their sustainability metrics.
“We recognized immediately that Zero Waste was a remarkably good fit for employee ownership”, noted Ian Mohler, who led the transaction for Mosaic. “The company employs hundreds of exceptional individuals who provide outstanding customer service every day. We felt it only natural that they share in the economic value of their continued success.”
Founded in 2014 by a group of industry veterans including CEO Will Simmons, ZWR operates two processing facilities in Charlotte, NC and Lancaster, SC, from which it covers much of the Southeastern United States and beyond. “We are extremely excited to partner with Mosaic going forward”, remarked Mr. Simmons, who will continue to lead the business along with the rest of the management team. “Adding a strategic partner in Mosaic along with a significant benefit for our employees positions the Company really well for further growth”, he continued.
The ESOP provides a substantial retirement benefit to all eligible, full-time employees. Research shows that companies with an ESOP tend to be environmentally conscious, experience less voluntary turnover, and perform better in times of economic downturn.
Financial partners in the transaction included Lafayette Square, Morgan Stanley Private Credit, and Impact Engine. “Given ZWR’s focus on environmental sustainability now coupled with the equity and inclusion opportunity provided by the ESOP, we felt it of critical importance to partner with similarly mission-driven investors”, commented Mr. Mohler.
ICG Capital Securities served as the Company’s financial advisor during the transaction.
About Zero Waste Recycling
Zero Waste Recycling, LLC (“ZWR”), is a waste consolidation service provider with over 25 years of experience in the recycling industry alone. For more information, visit www.zerowastellc.com.
About Mosaic Capital Partners, LLC
Mosaic Capital Partners, LLC (“Mosaic”) is a private equity firm focused on investing in lower middle market companies ($3-$12 million EBITDA) through an Employee Stock Ownership Plan (“ESOP”) transaction. Based in Charlotte, NC Mosaic combines a number of compelling attributes of private equity and employee ownership in its unique investment approach.
Mosaic Capital Partners
101 S. Tryon Street, Suite 2620
Charlotte, NC 28280