M&A Deal Summary

Massachusetts Capital Resources Company Acquires wTe Recycling

On February 22, 2024, mezzanine finance firm Massachusetts Capital Resources Company acquired environmental company wTe Recycling

Acquisition Highlights
  • This is Massachusetts Capital Resources Company’s 3rd transaction in the Environmental sector.
  • This is Massachusetts Capital Resources Company’s 30th transaction in the United States.
  • This is Massachusetts Capital Resources Company’s 29th transaction in Massachusetts.

M&A Deal Summary

Date 2024-02-22
Target wTe Recycling
Sector Environmental
Buyer(s) Massachusetts Capital Resources Company
Deal Type Buyout (LBO, MBO, MBI)

Target

wTe Recycling

Bedford, Massachusetts, United States
wTe Recycling scrap iron, copper, aluminum and other metals for sale to domestic and international steel mills. wTe Recycling was founded in 1990 and is based in Bedford, Massachusetts.

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Buyer(S) 1

Buyer

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 30 of 34
Sector (Environmental) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Massachusetts) 29 of 33
Country (United States) 30 of 34
Year (2024) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Promoboxx

Boston, Massachusetts, United States

Promoboxx is a digital marketing platform that helps businesses connect with their local retailers to promote their brands and products. The platform enables brands to create and distribute marketing content to their retailers and also provides tools to measure the effectiveness of the campaigns. Promoboxx was formed in 2010 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Boston Fire Sprinkler Protection

Hanover, Massachusetts, United States

Boston Fire Sprinkler Protection installs, retrofits, inspects and services fire sprinkler systems in large office, commercial, lab, residential and educational buildings. Boston Fire Sprinkler Protection is based in Hanover, Massachusetts.

Buy -