Lower middle-market private equity firm Trivest Partners LP has recapitalized Columbus Recycling and acquired a majority stake in the company.

Columbus Recycling, headquartered in Columbus, Mississippi, is a regional metal recycling company that operates out of five facilities in Mississippi and Tennessee.

Miami-based Trivest has completed more than 200 transactions with more than $5.1 billion in value since it was founded in 1981. Trivest focuses on partnering with family- owned businesses in North America. The firm is invested in Wise Co. Inc., which provides freeze-dried food, and Enviro Water Solutions LLC, which makes water purification equipment. For more on Trivest’s lead generation strategy, see “Private Equity Perspective: Trivest Says Thank You with Mercedes Benz.”

 

 

Abacus Finance Group LLC served as syndication agent for $55.3 million in senior secured credit facilities to support the recapitalization.

 

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