Cronus Partners LLC is pleased to announce that it acted as exclusive financial advisor to MAX Environmental Technologies, Inc., a premier provider of environmental and waste management services, in a stock sale of the company to Altus Capital Partners.
“Securing a stable and financially secure future for MAX Environmental has been an important goal of our family for some time, and Cronus has been essential to its successful completion,” commented William Spencer, President and Chief Executive Officer of Max Environmental.
John Quirk, a Partner at Cronus, added, “The sale of MAX Environmental has been a complex mix of regulatory, financial, and technical elements, and we were pleased to be able to bring the experience of the Cronus Environmental Team to bear.”
MAX Environmental is a leader in integrated environmental solutions, specializing in the transportation, treatment, storage, and disposal of a wide array of industrial and hazardous waste streams. The company has serviced a variety of industries and customers for 60 years, including the energy industry, manufacturers, heavy industry, contractors, land developers, the Army Corp of Engineers, the U.S. Department of Defense, the U.S. EPA, and the Pennsylvania DEP. Situated in the heart of the Marcellus and Utica shale region, the company owns and operates two landfills.
Altus Capital Partners is a private equity firm that makes control investments in middle market manufacturing businesses. With offices in Wilton, CT and Lincolnshire, IL, the firm has completed 15 platform investments and numerous accretive add on acquisitions since 2003.
About Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus Partners is an independent investment banking firm that provides financial advisory and other investment banking services. Winner of the New York Association for Corporate Growth’s Boutique Investment Bank of the Year Award, the firm has significant experience in advising both publicly and private companies that can benefit from middle-market transactions.
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