New York City-based Millbrook Capital Management Inc., has announced the creation of a new waste and recycling entity, Wastebuilt Environmental Solutions, that has acquired two companies and is looking for more.
The firm, led by John S. Dyson, acquired Stepp Equipment Company and Galfab, Inc. The two companies have combined annual revenues of approximately $40 million.
“We believe that the national haulers, municipalities, dealers, distributors, and local haulers in the waste and recycling industry will benefit from a well-capitalized and customer-focused source for equipment, parts, and maintenance,” said Alan Rivera, executive VP and CFO of Millbrook Capital Management in a company announcement.
“By combining a leading service, parts and distribution company with a high quality manufacturing company, we have drawn on the best of both worlds,” Rivera added.