GCM Grosvenor’s Acquisition of a Majority Stake in ReSource Waste Services

Latham & Watkins represented GCM Grosvenor in the transaction.

GCM Grosvenor, a leading global alternative asset management solutions provider, announced that it has acquired a majority ownership stake in ReSource Waste Services (ReSource), New England’s largest processor of construction and demolition (C&D) material, from ReEnergy Holdings LLC (ReEnergy). ReEnergy will retain a minority stake in ReSource.

GCM Grosvenor (NASDAQ: GCMG) is a global alternatives investment firm with approximately $70 billion in assets under management in private equity, infrastructure, real estate, credit, absolute return strategies, and multi-asset class opportunistic investments.

ReSource Waste Services operates an integrated network of strategically located facilities that recycle a wide variety of waste material and recover a high percentage of that material into high-quality end products for reuse.

Latham & Watkins represented GCM Grosvenor in the transaction with a corporate team led by New York partner Alex Kelly, with New York associates Molly Ryan and McKenzie Southworth. Advice was also provided on environmental matters by New York partner Gary Gengel, with New York associate Alicia Robinson; on real estate matters by New York partner Dara Denberg, with New York associate Thomas Ficchi; on intellectual property matters by New York partner Steven Betensky, with New York associate Max Miroff; on benefits and employment matters by Bay Area partner Erin Murphy and Chicago partner Nineveh Alkhas, with New York associate Anne Bracaglia; on tax matters by New York partner Alan Kimball, with New York associate Lukas Kutilek; on antitrust matters by Washington, D.C. partner Peter Todaro; on finance matters by New York partner Joshua Tinkelman; and on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary.

Involved fees earner: Nineveh Alkhas – Latham & Watkins; Steven Betensky – Latham & Watkins; Anne Bracaglia – Latham & Watkins; Hannah Cary – Latham & Watkins; Alexandra Croswell Kelly – Latham & Watkins; Dara Denberg – Latham & Watkins; Thomas Ficchi – Latham & Watkins; Gary Gengel – Latham & Watkins; Alan Kimball – Latham & Watkins; Lukas Kutilek – Latham & Watkins; Drew Levin – Latham & Watkins; Max Miroff – Latham & Watkins; Erin Murphy – Latham & Watkins; Alicia Robinson – Latham & Watkins; Molly Ryan – Latham & Watkins; Joshua Tinkelman – Latham & Watkins; Peter Todaro – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: GCM Grosvenor;