Wastebuilt Environmental Solutions has divested its subsidiary, Galfab, through an Employee Stock Ownership Plan structured and funded by Mosaic Capital Partners.
Quarton International acted as the exclusive investment banking advisor to Wastebuilt and Galfab.
Founded in 1992, Galfab is a leading designer and manufacturer of equipment for the collection and transportation of solid waste. With manufacturing operations in Winamac, Indiana and Phoenix, Arizona, Galfab services a national customer base across multiple channels within the waste equipment industry. The Company’s products include roll-off hoists, single axle hook hoists, open top roll-off containers, packer receiver containers, front and rear load containers, self-contained compactors, self-dumping hoppers and various other products for transportation and storage in the waste and scrap industry.
Mosaic Capital Partners is a private equity firm providing mezzanine debt and equity to privately held middle market companies. Based on Charlotte, NC, Mosaic employs traditional private equity buyout strategies while also applying its partners’ expertise on Employee Stock Ownership Plans.
Wastebuilt Environmental Solutions is the premier national provider of parts, equipment, and service to the waste and recycling industry with locations in Arizona, California, Florida, Georgia, Kentucky, Illinois, North Carolina, Ohio, Texas, and Wisconsin. Wastebuilt provides same-day or next-day service to over half of the USA from its vast inventory of parts providing local, hometown service with national reach. Wastebuilt represents several lines of specialty truck bodies including refuse bodies, roll-off hoists, vacuum trucks, and street sweepers, as well as containers and compactors. Wastebuilt also provides repair, maintenance and installation services to its customers.