Declaration Partners has acquired a majority stake in CP Group, a leader in material recovery facilities and sorting technologies. This partnership marks a significant milestone in CP Group’s 50-year history, providing capital and strategic resources to enhance innovation, scale operations, and strengthen its position in the waste and recycling industry.
The investment will fuel CP Group’s engineering and research initiatives, with plans for advanced automation, AI integration, and the development of new sorting systems. These enhancements aim to improve recovery rates, operational efficiency, and customer value, while keeping pace with industry trends and maintaining the CP Group’s reputation for reliability.
Declaration sees CP Group as a platform for growth, pursuing both organic expansion and potential acquisitions. Declaration’s track record includes supporting companies such as Enstructure, New Frontier Materials, and LMI across the industrial sector.
KEY QUOTES:
“I am grateful for CP’s loyal employees who have propelled us to lead the industry through their dedication and innovation. Declaration’s long-term perspective and family-oriented mindset make it the perfect fit to maintain our special culture and take CP to the next level.”
Bob Davis, retiring CP Group Chairman
“CP has introduced many groundbreaking innovations and patented technologies to help our customers improve safety, efficiency, and output at material recovery facilities and auto shredding plants. With Declaration’s investment, we are primed to accelerate the introduction of new technologies and automation solutions for our partners, while maintaining the legendary quality and reliability of our products. We look forward to working with the Declaration team.”
Terry Schneider, CP Group CEO
“We are delighted to partner with the CP Group leadership team to support the company’s next chapter of growth. The long-term market trends and opportunity for meaningful innovation make CP a great fit for family office investment, which is why we have reserved significant additional capital to support the company in the coming years. We will maintain and expand the company’s USA-based manufacturing, which provides superior durability and cutting-edge automation. CP is now even better positioned to help solve customer and industry challenges holistically.”
Charles Rayner, Partner at Declaration
