wTe Corporation is a technology-driven, value-added recycling company located in Bedford, MA. The Company operates plastics and metals recycling and refining operations in Greenfield, MA and Albany, NY. MCRC provided wTe with subordinated debt to assist with an acquisition and working capital. wTe’s UltraPET Division is a leading national recycler of polyethylene terepthalate (“PET”) plastic resins. wTe’s Metals Division was formed in 1990 and processes municipal ferrous metals recovered from Waste-to-Energy facilities as well as traditional ferrous and non-ferrous metals from various sources. wTe has committed significant resources to the development of new, high speed processing technologies serving the metals recycling industry.
Founded in 1986, Aquent, is the world’s largest marketing and creative staffing firm providing temporary and permanent placement to Fortune 500 companies. Since its founding, Aquent’s pioneering approach to staffing, consulting, and outsourcing has kept the company ahead of the market. Among its many industry-leading innovations, Aquent was the first staffing company in the U.S. to provide comprehensive health and welfare benefits for temporary employees. MCRC’s subordinated debt investment was done in conjunction with a new senior debt facility from Wells Fargo Foothill as part of a refinancing that provided Aquent with additional working capital support.
Founded in 2009 and headquartered in Sudbury, MA., PureHD is the fifth largest US provider of commercial satellite TV and Internet streaming services to hospitality, military lodging, education, MDU, and health care facilities. In addition to watching traditional live satellite TV and premium movie channels, guests can seamlessly cast to the guest room TV their favorite content from their personal devices and easily access their personal premium streaming APPs such as NetFlix and HBOMax. PureHD also customizes its entertainment systems to allow for “touchless remote control”, a searchable interactive TV guide, and a digital hotel services compendium.