Lab One Capital

Add-On

The Bottle Depot Announces Three Add-On Acquisitions

August 2, 2024

VICTORIA, BC – Lab One Fund I Corp (“Lab One Capital”) today announced that its portfolio company, the Bottle Depot (or the “Company”), has acquired the Bottle Guys Enterprises Inc (“Bottle Guys”), the Squamish Bottle Depot, and the Sooke Bottle Depot. These acquisitions will serve to broaden the Company’s geographic reach into the attractive Burnaby, Squamish, and Sooke markets of British Columbia.

Acquisition: The Bottle Guys

Founded in 2007 and headquartered in Vancouver, BC, the Bottle Guys operates a Return-It centre focused exclusively on servicing commercial pickup customers (the depot does not take residential front door customers). As part of the acquisition, the key executive will be rolling a material ownership of the Bottle Guys entity as the Bottle Depot provides the necessary equity injection and working capital for continued Greater Vancouver growth. The acquisition took place June 27th, 2024.

Acquisition: The Squamish Bottle Depot

Founded in 1989 as the 3rd bottle depot in BC, the Squamish Bottle Depot operates Squamish’s single Return-It centre for the roughly 27,000 residents of Squamish, BC. The acquisition took place June 28th, 2024.

Acquisition: The Sooke Bottle Depot

Located just 45 minutes from the Bottle Depot’s head office, the Sooke Bottle Depot is a natural add-on acquisition for the Company as it operates the Sooke’s single Return-It centre for the roughly 16,000 residents of Sooke, BC. The acquisition took place July 8th, 2024.

About The Bottle Depot

Founded in 1995, The Bottle Depot operates three distinct Return-It centres across Victoria, performs consolidator services for all non-owned Return-It centres in the surrounding region, and has a highly active industrial, commercial, and institutional division offering direct pickup services. With over 125 million refundable beverage containers collected from the waste stream each year, the Company also provides meaningful fundraising opportunities for not-for-profit and charitable organizations.

The Bottle Depot continues its growth trajectory as one of the largest beverage container recycling operations in the province. With over 65 employees and an ever-expanding rolodex of fundraising partners, the Company is well positioned to build on its reputation and continue to expand its geographic reach.

Add-On Criteria for the Bottle Depot

  • Materials recovery facilities, waste collection services, or recyclable material merchant wholesalers
  • Geography: EBITDA $500k+
  • Geography: Western Canada

Contact Us With Opportunities for the Bottle Depot

Tyler Atkinson
Managing Partner
Taylor Love
Operating Partner

About Lab One Capital

Lab One Capital is an investment holding company that specializes in acquiring and permanently holding enduringly profitable family-owned businesses in Western Canada. Our team of seasoned entrepreneurs, with extensive founder, operator, and private equity experience, is dedicated to creating significant wealth and lasting impacts for our partners, employees, and communities. Emphasizing an operator-first and investor-second mentality, Lab One Capital adheres to a permanent hold philosophy, and exclusively invests operators own personal equity to ensure optimal alignment and legacy preservation. Committed to being the purchaser of choice for retiring business owners, Lab One Capital passionately stewards companies that care about what happens next.