Fort Capital Partners is pleased to announce that Adanac Recovery Ltd. and affiliated entities (“Adanac Recovery” or the “Company”) has been acquired by Lab One Capital, who partnered with Company management to complete the transaction.
Adanac Recovery is the largest beverage container recycling operation on Vancouver Island, and one of the largest in British Columbia. Having been part of the local community for over 25 years, the Company provides significant environmental, economic and social benefits to the region including diverting over 10,000 metric tonnes of recyclable material from the waste stream annually and enabling meaningful fundraising opportunities for not-for-profit and charitable organizations.
Fort Capital Partners acted as financial advisor to Adanac Recovery.