Bison Capital Partners has made an investment in Solarsilicon Recycling Services, a recycler and servicer of silicon for the solar and semiconductor industries. Bison’s investment was made in conjunction with the company’s recent facility expansion which will significantly scale operations and enhance processing capabilities.
Solarsilicon Recycling Services (SRS) is a recycler and servicer of silicon for the solar and semiconductor industries. The company obtains unusable and off-spec silicon from both silicon suppliers and solar wafer manufacturers and applies a proprietary reprocessing method to create production-ready silicon. The company is headquartered in Camarillo, CA and recently expanded into a new facility in Ventura, CA (www.solarsilicon.com).
“SRS was on the verge of upgrading and expanding its operations by moving into a larger, more technologically sophisticated facility; however, industry volatility and regulatory complications led the company to seek capital to finish its expansion. Bison came in and provided SRS the necessary capital to stabilize its business, complete its expansion, and provide growth capital for future business opportunities. It was a real pleasure to work with Bison and its partners on this transaction. We continue to look forward to leveraging their business expertise as we take the next steps to further grow our business,” said Rob Bushman, Chief Executive Officer of SRS.
Bison Capital makes equity investments in public and private middle-market companies that have revenues of $20 million to $500 million and EBITDAs greater than $5 million. The firm is based in Los Angeles, CA with an office in New York, NY (www.bisoncapital.com).
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“With its industry leading management and silicon processing capabilities, we believe SRS is uniquely positioned to take advantage of the growing global demand for silicon supply in the solar and semiconductor markets. We are excited to have the opportunity to support SRS in its growth objectives,” said Doug Trussler, a partner at Bison Capital.
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