Chartwell is pleased to announce the sale of CP Group (“CPG”), a California-based family-owned leader in the design, manufacturing, and integration of advanced material recovery facilities (MRFs) and sorting technologies, to Declaration Partners, a private investment firm with approximately $2.2 billion in assets under management.
Founded in 1977 by Charles Davis, CPG has evolved from inventing the world’s first aluminum can flattener to becoming the industry’s leading provider of large-scale sorting systems and automation solutions. Over its nearly 50-year history, CPG has engineered, manufactured, and installed more than 450 MRFs worldwide and holds dozens of patents, each designed to enhance operational efficiency, recovery rates, and customer profitability.
Chartwell served as exclusive financial advisor to CPG, providing strategic guidance to the Company and its shareholders through all phases of the transaction. With the backing of Declaration Partners, CPG plans to accelerate investment in advanced automation technologies, artificial intelligence integration, and next-generation sorting systems, while maintaining its U.S.-based manufacturing and strong team culture. Declaration Partners’ long-term perspective and commitment to preserving CPG’s entrepreneurial spirit make it an ideal partner for the company’s next stage of growth.
About CP Group
CP Group is a leading designer and manufacturer of material sortation and recovery equipment in the waste and recycling industry. CP Group provides a variety of sorting solutions worldwide, including Material Recovery Facility (MRF) engineering design, manufacturing, installation and customer services. Custom turn-key systems by CP Group include residential recycling, commercial and industrial, municipal solid waste, engineered fuel, construction and demolition, fiber sorting, plastic sorting, and electronic waste processing.
About Declaration Partners
With approximately $2.2 billion in assets under management, Declaration Partners is an investment firm specializing in private investments (including platform companies), real estate, and GP solutions. With headquarters in New York and an office in the Washington, DC area, Declaration launched to invest on behalf of its anchor investor, David Rubenstein, and now also partners with family offices and like-minded institutions.
Chartwell Contact
For additional information on this transaction, please contact Matt Dennison.
To learn more about Chartwell’s corporate finance capabilities, connect with Greg Fresh.