In March 2018, ECP acquired Gopher Resource, a North American recycler of lead-acid batteries, operating two major recycling facilities in Eagan, MN and Tampa, FL.
Due to environmental regulations, no primary lead is smelted in the U.S. today. Instead, lead for new batteries, the primary use of lead, is predominantly sourced from recyclers such as Gopher. Lead can be recycled an infinite number of times.
Gopher’s facilities have low cost profiles and its Eagan, MN plant has a 70+ year track record of reliable production and continuous improvement. The business is highly contracted and most of Gopher’s volumes are fixed, multi-year “fee-for-service” contracts wherein Gopher recycles customer-owned batteries for a fee. This generates contracted revenue insulated from commodity price risk. Most of Gopher’s customer relationships are multi-decade, operating in a closed-loop system wherein customers deliver used batteries to Gopher facilities and receive recycled lead.
Gopher Resource LLC, of Eagan announced today that it has agreed to be acquired by Energy Capital Partners (ECP), a private equity firm based in New Jersey. The two parties expect to close the transaction on or around March 6, 2018.
Due to environmental regulations, no primary lead is smelted in the U.S. today. Instead, lead for new batteries, the primary use of lead, is predominantly sourced from recyclers such as Gopher. Lead can be recycled an infinite number of times.
Gopher’s facilities have low cost profiles and its Eagan, MN plant has a 70+ year track record of reliable production and continuous improvement. The business is highly contracted and most of Gopher’s volumes are fixed, multi-year “fee-for-service” contracts wherein Gopher recycles customer-owned batteries for a fee. This generates contracted revenue insulated from commodity price risk. Most of Gopher’s customer relationships are multi-decade, operating in a closed-loop system wherein customers deliver used batteries to Gopher facilities and receive recycled lead.
Gopher Resource LLC, of Eagan announced today that it has agreed to be acquired by Energy Capital Partners (ECP), a private equity firm based in New Jersey. The two parties expect to close the transaction on or around March 6, 2018.
Location: United States, Minnesota, Eagan
Investors 2
| Date | Name | Website |
| - | Energy Cap... | ecpgp.com |
| - | Norwest Eq... | nep.com |
Mentions in press and media 5
| Date | Title | Description |
| 25.11.2024 | Silver Point: Specialty Credit Fund III Closed At $8.5 Billion | Global credit investing firm Silver Point Capital announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point’s 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct le... |
| 26.07.2023 | Gopher Resource Leading Federally Funded Projects to Reduce the Use of Fossil Coal in Recycling Process | “We are optimistic that biochar has the potential to create a renewable supply chain that will reduce our net greenhouse gas (GHG) emissions significantly,” said James Dahlstrom, Senior Director of Engineering and Technology, Gopher Resourc... |
| 26.05.2023 | Gopher Resource Partners with Research Institutes, Universities, and Industry Leaders to Advance Materials Recovery Technology | “We’re excited to partner with world-class research institutes on this important initiative to secure critical raw materials by developing advanced methods that minimize waste and promote sustainable practices.” - Dr. Joseph Grogan Eagan, M... |
| 09.03.2018 | Term Sheet — Friday, March 9 | A TALE OF TWO COMPANIES Happy Friday, Term Sheet readers. Paid Content How can you protect what you can't see? From ExtraHop Many people have speculated that Warby would go public soon, but this fundraise confirms the company’s plans to sta... |
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