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Balcones Resources joins forces with Closed Loop
Friday, October 4, 2019 by Tai Moses
New York-based investment firm Closed Loop Partners has acquired a stake in the Austin-based environmental services company Balcones Resources, which handles commercial and residential recycling in Texas and Arkansas. By joining forces, the two companies aim to significantly expand their recycling infrastructure and related services. Kerry Getter, chairman and CEO of Balcones, said in a press release, “The connections, resources and expansive network that Closed Loop Partners brings to the table will provide unprecedented opportunities for corporate management and shareholder growth. Balcones and Closed Loop Partners are a perfect fit as our values are tightly aligned. We share a commitment to our people first – both staff and clients – as well as the mission of reducing waste and positively affecting our environment. Together, we will be able to enhance employee opportunities, services to our customers and assist in achieving ambitious environmental goals.” Ron Gonen, CEO of Closed Loop Partners, said, “Together, we look forward to scaling recycling and circular economy infrastructure and services in the southwestern and southeastern United States and beyond.”
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