Stout Advises on the Divestiture of Belvidere Recycling

August 21, 2020

Stout is pleased to announce the divestiture of Belvidere Recycling, LLC to BDL Supply. Stout served as exclusive financial advisor to Belvidere Recycling and its parent company.

Belvidere Recycling is a pallet recycling and manufacturing company based in Belvidere, IL. Its parent company hired Stout to pursue a divestiture to allow greater focus on its core pallet brokerage operations. The transaction is a win-win as it accomplishes the goal of Stout’s client and enables BDL Supply to expand its service footprint into northern Illinois and the greater Chicago market. The employees, vendors, and customers will continue under new ownership.

“We’re excited to have Belvidere Recycling join our BDL family,” said Sam McAdow, CEO of BDL Supply. “Anyone who has worked with that team knows they are there to help you whenever you have a need. It is also an outstanding strategic investment for us.”

“This transaction demonstrates Stout’s corporate divestiture capabilities. Many companies are inward-focused in today’s challenging business environment,” said Stout Managing Director John Lahti, who led the transaction. “Strategic divestitures can be an effective way to streamline operations and refocus management’s attention toward the activities that drive the most value.”

Stout’s deal team also included Conrad Hahne and Louis-Philippe De Courcy. This is the team’s second pallet industry transaction in the past year.

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