FV Recycling Acquires Mid America Paper Recycling, Expanding National Presence and Service Capabilities

HATTIESBURG, Miss. and CHICAGO, Oct. 14, 2025 /PRNewswire/ -- FV Recycling (FV), a Jones Capital portfolio company and a leading commercial and industrial recycling company based in Hattiesburg, Mississippi, announces it has acquired Mid America Paper Recycling (Mid America), one of the largest independent brokers, processors, and exporters of recovered materials in the Central United States. The acquisition significantly expands FV's geographic footprint into the Midwest while enhancing service capabilities for customers nationwide.

Founded in 1926 and based in Chicago, IL, Mid America brings nearly a century of recycling expertise and strong brokerage capabilities to FV's expansive fleet, equipment offerings, and established cardboard pickup services. The combined company will handle over 900,000 tons of recyclable materials annually, employing 180 professionals across the United States.

"This acquisition represents a transformative step forward for FV Recycling as we expand our ability to serve customers with comprehensive recycling solutions," said Gene Smith, President of FV Recycling. "Mid America's deep-rooted supplier relationships and decades of industry experience perfectly complement our transportation and equipment capabilities. Together, we'll provide unmatched service and value to our combined customer base while maintaining the personal attention and integrity both companies are known for."

The combination enables FV to offer expanded services to customers including:

• Enhanced logistical capabilities with access to national markets for paper, plastics, metals, and other recyclables
• Bale route hauling and full van transportation services throughout an expanded geographic area
• Comprehensive equipment solutions including leasing, sales and on-site repair of balers and compactors
• Processing capabilities through facilities in the Southeast and Midwest

"This is more than a transaction, it's a partnership built on shared values," said Don Gaines, CEO of Mid America Paper Recycling, who will remain fully engaged with the company. "Both Mid America and FV started as family-owned businesses. We each have strong reputations built on long-term relationships, doing right by our customers, and supporting the communities we serve. That continues, but now with greater reach, more capabilities, and deeper resources."

"This partnership honors the legacy that Don and his family built while enabling new opportunities for growth and impact," said Jonathan Jones, CEO of Jones Capital. "Mid America's four-generation legacy mirrors the vision my father, Brett, had when he founded FV in 2000 — building businesses that benefit all stakeholders through integrity, service, and sustainability. We're excited to support the combined team as they expand recycling capabilities across the nation, creating more opportunities to better serve our communities."

Mid America will continue to operate under its current name while integration planning proceeds, with a thoughtful transition to ensure continuity for all stakeholders.

About FV Recycling FV Recycling is a commercial and industrial recycling company based in Hattiesburg, MS. FV is a portfolio company of Jones Capital. Since 2000, FV Recycling has provided customers with a full range of services to handle recyclable materials such as cardboard, paper, plastics, aluminum, and pallets. FV has evolved to focus on cardboard bale route hauling opportunities throughout the Southeastern U.S. with brokerage capabilities throughout the United States. In addition, FV provides specialized equipment services, including baler and compactor leasing, sales, and maintenance and repair. For more information, visit https://www.fvrecycling.com/.

About Mid America Paper Recycling Mid America has been a leader in the recycling industry since 1926. As one of the largest independent brokers, processors, and exporters of recovered paper and plastics, the company has built four generations of success through integrity, exceptional service, and high market returns. Based in Chicago, Illinois, Mid America recycles paper, plastics, metals, glass, and pallets for customers nationwide. For more information, visit https://www.midamericapaper.com/.

About Jones Capital Jones Capital (Jones) partners with mid-market businesses to provide dynamic ideas and resources, focusing on practical solutions to drive growth. Business sectors Jones has focused on include transportation & logistics, infrastructure, industrials, construction, and technology & business services. With locations in Houston, TX and Hattiesburg, MS, Jones carries on the mission of being a growth-oriented, value-added capital partner to businesses and management teams that share our common values and vision for long-term, sustainable growth that benefits all stakeholders – customers, communities, employees, and shareholders. For more information, please visit https://jones.com/.

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SOURCE FV Recycling