WHI Capital Partners Acquires Container Recycling Alliance From Waste Management, Inc.
WHI Capital Partners (WHICP), a Chicago-based private equity firm has acquired Lombard, Illinois-based Container Recycling Alliance (CRA), the glass recycling division of Waste Management, Inc.With the CRA acquisition, WHICP has now acquired seven companies and four platforms in the past 20 months. CRA is WHICP's second platform in the environmental services sector. Its first, Emerald Waste Services, is one of the Southeast's leading waste services firms, managing commercial, residential and construction & demolition waste streams via its hauling and landfill operations and portable toilet services.CRA operates eight glass recycling facilities throughout the United States. Employing approximately 150 people and processing roughly 500,000 tons of glass per year, CRA is the second largest operator of glass recycling facilities in the United States. CRA utilizes state-of-the-art automated ceramic detection and color sorting equipment, as well as full bottle destruction and decasing capabilities.