M&A Deal Summary

Macquarie Infrastructure and Real Assets Acquires DTG Recycle

On December 1, 2022, infrastructure investor Macquarie Infrastructure and Real Assets acquired environmental company DTG Recycle from Clairvest Group

Acquisition Highlights
  • This is Macquarie Infrastructure and Real Assets’ 3rd transaction in the Environmental sector.
  • This is Macquarie Infrastructure and Real Assets’ 8th transaction in the United States.
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in Washington.

M&A Deal Summary

Date 2022-12-01
Target DTG Recycle
Sector Environmental
Buyer(s) Macquarie Infrastructure and Real Assets
Sellers(s) Clairvest Group
Deal Type Secondary Buyout

Target

DTG Recycle

Mill Creek, Washington, United States
DTG Recycle is a commercial recycler of construction and demolition, industrial and manufacturing waste in the Pacific Northwest. DTG Recycle strives for a zero-waste future through innovative sorting techniques and the development of products and alternative energy fuels made from recycled materials. DTG Recycle offers convenient, innovative ways to recycle with the best customer service in the industry. DTG Recycle was founded in 2007 and is based in Mill Creek, Washington.

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Buyer(S) 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 19 of 20
Sector (Environmental) 3 of 4
Type (Secondary Buyout) 4 of 4
State (Washington) 1 of 1
Country (United States) 8 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 CTT

Tokyo, Japan

CTT is a chemical storage tank operator, offering over 300,000 cubic meters of storage capacity across seven terminals located near key ports and strategic hubs around Tokyo Bay, Osaka Bay, Nagoya, and Kitakyushu. CTT provides tank storage and auxiliary services to more than 80 blue-chip customers, including major chemical manufacturers. CTT was founded in 1966 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 SK Shieldus

Pangyo, South Korea

SK Shieldus is a scaled integrated physical security operator providing digital security infrastructure across 680,000 commercial customer sites and more than 100 central monitoring and dispatch centers across South Korea. SK Shieldus is based in Pangyo, South Korea.

Sell -

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 27 of 31
Sector (Environmental) 4 of 6
Type (Secondary Buyout) 7 of 7
State (Washington) 1 of 1
Country (United States) 14 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 Acera Insurance

Calgary, Alberta, Canada

Acera Insurance is one of the largest employee-controlled property & casualty and group benefits insurance brokerages in Canada, with offices located in Alberta, British Columbia, Ontario and Yukon. Acera Insurance is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Boca Biolistics

Pompano Beach, Florida, United States

Boca Biolistics is a clinical research organization and biomaterials company focused on the procurement, storage, and sale of human biological samples (specializing in infectious diseases and oncology) used for clinical trials and diagnostic development. Boca Biolistics was formed in 2007 and is based in Pompano Beach, Florida.

Buy -