Eaton Partners Acts as Exclusive Placement Agent and Financial Advisor to Allied Industrial Partners
Eaton Partners (“Eaton”), one of the largest placement agents and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it has acted as exclusive financial advisor and placement agent for Allied Industrial Partners LLC (“AIP”), an industrial-focused middle market private equity firm based in Houston, Texas
ROWAYTON, Conn., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Eaton Partners (“Eaton”), one of the largest placement agents and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it has acted as exclusive financial advisor and placement agent for Allied Industrial Partners LLC (“AIP”), an industrial-focused middle market private equity firm based in Houston, Texas. Eaton worked with AIP to raise institutional capital for a strategic, control investment in Wall Recycling, LLC, a leading regional provider of solid waste hauling, disposal and recycling services for municipal, commercial and industrial waste generators throughout North Carolina. The transaction closed on August 31, 2022.
AIP was founded in 2019 by a group of seasoned operating executives and investment professionals led by Bradford Rossi and Philip Wright. The team’s strategy focuses on partnering with founder-owned businesses that provide mission-critical services, and have consistent cash flow generation and defensible market positions that would benefit from additional operational and M&A expertise. Eaton also served as the exclusive placement agent and financial advisor for AIP’s acquisitions of Waste Eliminator earlier this year and CES Power in 2021.
“We are thrilled to have worked with AIP on another successful institutional capital raise,” said Peter Martenson, Managing Director, GP Advisory, Secondaries, and Directs at Eaton Partners. “The team at AIP continues to build on their momentum of investing in high-growth companies like Wall Recycling, and this investment demonstrates the growing demand for recycling and environmental services.”
“Wall Recycling has solidified itself as a leader in the waste management space, and we are excited to have made our largest acquisition to date with this investment,” said Bradford Rossi, Co-Founder and Managing Partner at AIP. “We appreciate Peter and the Eaton Team for assisting us on another successful capital raise and expanding our institutional LP base.”
