November, 2025. Peakstone served as exclusive M&A advisor to Mid America Paper Recycling (“Mid America”) in connection with its sale to FV Recycling, a portfolio company of Jones Capital.
Mid America is a leading provider of integrated recycling services for paper and paperboard materials. Founded in 1926, Mid America is a family-run company headquartered in Chicago and operating from coast-to-coast. Mid America provides recycling collection services to many blue chip producers of paper and paperboard scrap including large folding box companies, packaged food producers, printers, and a variety of other scrap generators. In turn, Mid America supplies consistent quantities of high grade recycled paper and paperboard to the top paper mills and other scrap processors across the United States and some international markets.
Mid America’s CEO, Don Gaines, commented, “For decades, Mid America’s growing supplier base has appreciated our highly reliable and value enhancing recycling services, while our paper mill customers have come to rely upon Mid America’s consistent and high grade paper and paperboard materials tailored to their mission critical processing equipment. Integrating with FV Recycling will allow us to reach more markets and provide expanded services. Peakstone did an excellent job finding a strategic partner for growth who will be able to leverage our business model and our team’s skills.”
FV Recycling’s CEO, Gene Smith, noted “The acquisition of Mid America with their complementary capabilities and geographic coverage, and with backing from Jones Capital, will greatly accelerate growth and help establish FV Recycling as the leading independent recycling services provider to the paper and paperboard market.”
Terms of the transaction were not disclosed.
For additional information, please contact:
Mark Horita, Managing Director, mhorita@peakstone.com
Stephen Sleigh, Managing Partner, ssleigh@peakstone.com
About Peakstone
Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.