Altus Acquires MAX Environmental
In February of 2017, MAX Environmental Technologies, Inc. was acquired by Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the U.S. Through this transition process, Altus teamed with Bob Shawver, a highly experienced industry executive who will assume the role of Chief Executive Officer. Altus, along with management, intends to recapitalize the company and fund continued growth in environmental and waste management solutions.
Founded in 1957, MAX is a fully integrated environmental treatment and disposal company that provides hazardous and non-hazardous waste transportation, processing, and disposal for the manufacturing, energy, and infrastructure markets. Located just east of Pittsburgh, MAX’s Yukon site is the easternmost hazardous waste processing and disposal facility in the United States, and is strategically located to serve the large, growing industrial and government hazardous waste opportunities along the East Coast. The Company’s Bulger facility is located in the heartland of the Marcellus and Utica Shale gas plays, uniquely positioning this facility for disposal services for the oil & gas market.
Bob Shawver, MAX CEO, stated, “I’m delighted to have the opportunity to leverage my 25 years of experience working in the environmental industry to lead the Company in its next phase of growth. With Altus as our new partner, we will continue to invest in the business, its infrastructure, and related growth opportunities. Our number one priority is to always achieve excellence in regulatory compliance and customer service.”
The sale provided a substantial investment in MAX, which will quicken the pace of current infrastructure improvements and lay the groundwork for continued growth. Bill Follett, who joined MAX as Vice President and Chief Operating Officer, says a number of infrastructure projects at MAX’s Yukon and Bulger facilities were accelerated within days of the sale. “With our new management team in place, the additional funding and the help of our experienced employees, MAX has made substantial strides in positioning the company for future success while ensuring environmental compliance.”
Shawver and Follett bring a wealth of experience in waste industry operations to MAX, having worked primarily for private waste handling companies and consulting firms throughout their professional careers. Together with new underwriting, upgraded infrastructure, and a dedicated team of environmental and compliance experts, MAX Environmental is again positioned as the preferred industry partner.
