Greybull Stewardship has acquired Mid-West Textile, a used textile collection and recycling company, expanding its exposure to businesses focused on textile reuse, recycling, and waste reduction.
Founded in 1982, Mid-West Textile has operated in the used textile industry for more than four decades. The company specializes in collecting, sorting, and grading used clothing and other textiles, helping extend the useful life of reusable materials and divert textiles from the waste stream.
Mid-West Textile is one of the larger textile recyclers in the U.S. and provides services to thrift retail stores, fiber reclamation operators, and industrial wiping cloth suppliers.
The company also operates multiple Thrift Town retail stores across Texas and New Mexico, giving it a direct retail presence alongside its broader collection and recycling operations.
Greybull plans to provide Mid-West Textile with additional capital and operational support as the company pursues its next stage of growth. The investment firm also sees opportunities to expand the Thrift Town retail footprint over time.
The acquisition reflects Greybull’s broader interest in the textile recycling sector as consumers, businesses, and communities increasingly seek ways to reduce waste and extend the life of existing materials.
Greybull focuses on partnering with established smaller businesses that have opportunities to scale. In addition to providing capital, the firm offers operational resources and strategic support intended to help portfolio companies navigate expansion.
Founded in 2010 and headquartered in Jackson, Wyoming, Greybull works with businesses across the U.S. through a team of operators and investment professionals.
KEY QUOTE:
“As consumers, businesses and communities increasingly look for ways to reduce waste and extend the life of existing materials, we see a significant opportunity to continue to partner with established businesses that provide the infrastructure and expertise needed to collect, process, and give textiles a second life. Mid-West Textile has built a leading business around extending the life of used textiles and clothing, and we are excited to support the company in its next phase of growth, including expanding its Thrift Town retail stores in the years ahead.”
Mason Myers, Founder And CEO Of Greybull Stewardship
