CP Group secures majority investment from Declaration Partners to drive R&D, expansion

San Diego-based CP Group will have its growth and research capabilities strengthened with support from Declaration Partners, which now owns a majority stake in the company. 

The partnership represents a significant milestone in CP Group's 50-year evolution, providing the capital foundation and strategic resources necessary to accelerate innovation, expand operational capabilities, and strengthen the company's long-standing position as a strong presence in the waste and recycling industry.

CP Group to advance new technologies with Declaration 

The partnership enables CP Group to significantly expand its engineering and research capabilities, with planned investments in advanced automation technologies, artificial intelligence integration, and next-generation sorting systems. These investments will strengthen the company's ability to deliver superior recovery rates, operational efficiency, and economic value to recyclers while addressing emerging needs and trends in the industry and maintaining its industry-leading reputation for reliability and performance.

Terry Schneider, CP Group CEO, said, "CP has introduced many groundbreaking innovations and patented technologies to help our customers improve safety, efficiency, and output at material recovery facilities and auto shredding plants. With Declaration's investment, we are primed to accelerate the introduction of new technologies and automation solutions for our partners, while maintaining the legendary quality and reliability of our products. We look forward to working with the Declaration team."

Bob Davis, retiring CP Group chairman, said, "I am grateful for CP's loyal employees who have propelled us to lead the industry through their dedication and innovation. Declaration's long- term perspective and family-oriented mindset make it the perfect fit to maintain our special culture and take CP to the next level."

Charles Rayner, partner at Declaration, said, "We are delighted to partner with the CP Group leadership team to support the company's next chapter of growth. The long-term market trends and opportunity for meaningful innovation make CP a great fit for family office investment, which is why we have reserved significant additional capital to support the company in the coming years. We will maintain and expand the company's USA-based manufacturing, which provides superior durability and cutting-edge automation. CP is now even better positioned to help solve customer and industry challenges holistically."