Burlington ON March 31, 2021 / – Newlook Capital Inc. (“Newlook”) is pleased to announce that Newlook Capital Industrial Services Fund II (“Fund II”) has made an investment in Safeway Transport (Safeway), based in Romulus, Michigan. The transaction closed February 22, 2021.
Safeway has been in operation for 34 years, and specializes in the removal, disposal, and transportation of non-hazardous waste from a variety of sources, as well as sewer and pipeline cleaning and inspection, parking lot catch basin cleaning, and other non-hazardous liquid waste removal services across Michigan and parts of Ohio.
Newlook’s CEO, Elroy Gust says, “With this most recent partnership, we look forward to expanding the diversification of our revenue lines within the Fund II portfolio. With superior industry reputation and strong customer relationships, Safeway is well positioned for growth.”
