Home Commercial 4.7-Acre Recycling Site in Redmond Sold in Acquisition Deal for $14MM

4.7-Acre Recycling Site in Redmond Sold in Acquisition Deal for $14MM

All Wood Recycling, King County, Redmond, DTG Recycle, Bothell, DTG Enterprises Inc, GRR Land LLC, Woodinville, Macquarie Asset Management, Puget Sound

By Kate Snyder

A recycling facility in Redmond has traded hands in a deal that appears to be related to the acquisition of the facility’s owner by another company. According to King County public records, All Wood Recycling has been purchased for $14 million. The buyer was DTG Enterprises, Inc., which is affiliated with DTG Recycle in Bothell, and the seller was GRR Land LLC in Woodinville.

The site involved in the recent transaction, All Wood Recycling, is located at 8504 192nd Ave NE and is approximately 4.7 acres. The property includes a 176 square foot office building built in 1965, a 3,898 square foot service garage built in 1975 and a 504 square foot utility building built in 1950, according to King County records.

The sale was recorded on Nov. 30, and on Dec. 1, Macquarie Asset Management announced that one of its funds has completed the acquisition of DTG from its current owners, according to information released by the company.

According to King County records, the representative of GRR Land LLC was Daniel Guimont and the representative of DTG Enterprises was Thomas Vaughn. The announcement from Macquarie shows that both Guimont and Vaughn worked for and will continue working for DTG Recycle, with Vaughn continuing as CEO and Guimont becoming Chief Development Officer. Both will also be members of DTG’s Board of Managers.

“We are excited to partner with Macquarie Asset Management through this investment into DTG,” Vaughn said in the announcement. “With their deep knowledge of the space and their track record of providing ongoing capital and dedicated support to management teams, we will be able to accelerate our growth both within our existing area of operations and into adjacent geographies. This partnership will help us continue to advocate for increased diversion of recyclable non-MSW materials out of landfills and support our communities’ sustainability goals.”

DTG was formed in 1999 and has assets that include more than 3,900 containers, a fleet of more than 270 vehicles, 12 material recovery facilities across the Puget Sound region and a landfill, according to information from Macquarie.

Macquarie is a global financial services group operating in 34 markets and offers services such as asset management, retail and business banking, wealth management, leasing and asset financing, market access and commodity trading, according to the firm’s website.

“DTG’s leadership in non-municipal solid waste recycling and focus on a diversion-led business model positions it well to meet the sustainability expectations of the communities in which DTG operates,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners. “We look forward to partnering with the DTG management team to support the next stage of DTG’s growth.”