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Macquarie picks up majority stake in Coastal Waste & Recycling

The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday. The Boca Raton, Florida-based firm was formed in 2017 out of a partnership between its Chief Executive Brendon Pantano, and private equity firms Summer Street Capital and Concentric Equity Partners. Pantano and his management team will remain in their positions, while also retaining ownership stakes in the business, Macquarie said. ....

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