CHICAGO – March 2, 2015— Wastebuilt Environmental Solutions, LLC announces a transaction where ID Industries in Ontario, California, has joined the Wastebuilt family of companies (Stepp Parts, Stepp Equipment, Consolidated, Galfab, Wastebuilt Southwest, and Wastebuilt Southeast).
Commenting on the news, Wastebuilt CEO Greg Podell said, “We look forward to a great partnership with the Donoso family as this transaction continues the ongoing strategy of Wastebuilt by further strengthening Stepp Parts and providing a customer-focused source for a full range of repair and replacement parts for refuse and recycling fleets across the country.”
Jim Pfeiffer, Wastebuilt Parts Segment Leader, goes on to say, “Over the years, ID Industries has built a reputation for delivering superior customer service of a wide range of parts. I couldn’t be more excited to have ID Industries join the Wastebuilt team – their expertise in delivering chassis parts and managing customer inventory significantly increases the range of solutions we can supply to our customers.”
“We are excited to be partnering with the Wastebuilt team.” said Ivan Donoso, co-owner of ID Industries. “Our growing footprint will allow us to better serve our customers across the country. By joining Wastebuilt, we will have the ability to ship parts from eight facilities located strategically across the United States.”
“Our expertise in chassis parts combined with Stepp Parts expertise in refuse body parts will make us an unrivaled team – with one call we can do it all,” added ID Industries co-owner Linda Donoso. “This is a great opportunity for our employees, vendors, and customers alike, as we combine our forces to deliver world class solutions.”
About ID Industries
ID Industries is a state-of-the-art replacement parts management and distribution company which maintains an extensive inventory of over 75,000 items. ID Industries is committed to exceptional service and total customer satisfaction.
ID Industries provides the highest quality products through a broad range of service options and innovative solutions to meet their specific maintenance demands and to provide them with lower total cost of ownership. ID Industries currently ships parts throughout the United States.
About Wastebuilt Environmental Solutions
Wastebuilt was created in December of 2012 as a customer-focused company in the waste and recycling equipment industry, providing world class distribution of equipment, parts, and services supported by manufacturing facilities. Wastebuilt is owned by Millbrook Capital Management Inc., a New York City-based investment firm led by John S. Dyson.
About Millbrook Capital Management Inc.
Millbrook Capital Management Inc., headquartered in New York City, specializes in private equity investments. The firm invests in buyouts, divestitures, and private transactions of lower middle-market manufacturing and business services companies. For additional information, please contact Alan Rivera at 212-586-4333.
CEO, Wastebuilt Environmental Solutions, LLC
Parts Segment Leader
EVP, Wastebuilt Environmental Solutions, LLC