Olympic Wire acquired by IEG

Impact Environmental Group (IEG) has acquired Olympic Wire and Equipment of Costa Mesa, California.

Olympic Wire, founded by Jim Walker in 1995, provides baling equipment, baling wire, parts and service.

Subsequently, IEG says, “Olympic has established itself as a trusted partner and supplier to the waste and recycling industry," Elgin, Illinois-based IEG says, adding that Walker will continue to lead Olympic as part of IEG to help "drive the continued growth of the business.”

Olympic offers several types of baling wire, used equipment including horizontal and vertical balers, and components for equipment manufactured by Harris, American Baler, Green Machine and other recycling machinery makers. It has locations in Southern and Northern California, providing IEG with “a strategically located service hub for one of the nation's largest markets.”

Olympic is IEG's fourth acquisition in the waste and recycling equipment service sector, following Naples, Florida-based FleetGenius Compactor Solutions earlier this year and UCS Equipment and WOR Inc. earlier this decade.

“These acquisitions, in addition to organic growth initiatives, have positioned IEG as the leading nationwide provider of compactor and baler service, with highly trained technicians spanning the country, in addition to a robust installation and refurbishment teams housed in facilities across the United States,” IEG says.

Founded in 1999, IEG is a global environmental products and service business providing new and replacement products for waste and recycling collection containers, compaction equipment, transportation, building infrastructure, spill containment and dewatering applications.