Advised on Sale of Company

Energy & Utilities

Delos Capital

Lower middle market private equity firm United States of America

Acquired 100% of Business Operations

Pioneer Recycling Services

Full-service recycling company United States of America

Advised Pioneer Recycling Services on its sale to Delos Capital and The Silverfern Group

Capstone Partners (IMAP USA) advised Pioneer Recycling Services, a portfolio company of Central Valley Fund, on its sale to Delos Capital and The Silverfern Group.


Pioneer, based in Tacoma, WA, is an industry leader in comingled residential and office recycling in the Pacific Northwest. Pioneer’s full-service recycling centers focus on providing reliable, environmentally friendly services and solutions for commercial, industrial, municipal, and residential customers.


Delos Capital is a lower-middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments. Headquartered in New York City, the firm concentrates largely in the Industrials, Chemicals, Packaging, and Consumer industries.


Silverfern is a global middle-market investment management firm that specializes in buyouts, build-ups, acquisitions, growth equity, and recapitalizations. From offices in Greenwich, Frankfurt, and Sydney, Silverfern’s senior investment professionals target companies with deep industry knowledge and local market experience.

Experts who worked on the transaction