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Investments: Current Investments: Environmental Reclamation Services, Inc.
Environmental Reclamation Services, Inc. |  Investment Date: March 2007  |  Investment Type: Buyout

Business Description:
Founded in 1990, Environmental Reclamation Services ("ERS") has served as a respected and integral supply chain partner to aftermarket companies in the printing supplies and wireless industries. The company has developed a number of proprietary programs, applications and processes specifically designed for sourcing, sorting and identifying empty printer cartridges and mobile handsets. ERS has procured and specifically identified over 70 million individual units since its inception.

Falcon Solution:
Despite its humble beginnings, aftermarket imaging supplies have come to represent one of the most successful private label offerings in the broader office supplies industry. Falcon recognized ERS’ integral role in the maturity of the industry as well as its strategic position as the leader in its field. However, the industry remained one that generally lacked access to institutional capital. Falcon's extensive due diligence enabled it to overcome such a fact, and Falcon invested senior subordinated notes, preferred membership units and common membership units to support the sponsor.

 

 

 

 

Industry:
Printer cartridge recycling and logistics
Sponsor:
Non-traditional private equity group
Securities:
Senior subordinated notes, preferred membership units and common membership units
Financing Challenge:
The aftermarket printer cartridge industry has historically lacked access to institutional capital
Exit Date:
Current investment
Company Website:
http://www.ersusa.com/