Private equity firm signs deal to manage ISA

Apr 01, 2013 | 02:46 PM | Lisa Gordon

Tags  scrap metal processor, Industrial Services of America, Brian Donaghy, Harry Kletter, Blue Equity, Jonathan Blue, Lisa Gordon

PITTSBURGH — Industrial Services of America Inc. (ISA) has entered into an agreement to be managed by a private equity firm in an effort to turn the company around.

The Louisville, Ky.-based scrap processor has signed a one-year agreement with Blue Equity LLC, which is run by scrap metal veteran Jonathan Blue.

Blue Equity will work with ISA’s existing management to review operations and identify opportunities for growth to help the company improve its core business, secure strategic alliances and diversify its holdings in the domestic and international markets.....

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