Versatile Processing Group
Versatile Processing Group, Inc. Fund: IV Investment Date: August 2005 Exit Date: October 2011 Headquarters: Indianapolis, Indiana
Versatile Processing Group (“Versatile”), headquartered in Indianapolis, Indiana, is a provider of metals recycling and other related services to the utility industry. Versatile’s service offerings includes the recycling of metal and plastic stripped from discarded wire and cable, the sorting and recycling of various scrap metals and the decommissioning and recycling of used transformers and other related electrical equipment.
Merit provided subordinated debt, preferred equity and common equity to finance the acquisition.