Press releaseJuly 01, 2025
1V1sion Capital Announces Strategic Investment in Aluminz' Zero-Landfill Aluminum Facility
SectorIndustrial Manufacturing – Aluminum Processing
Deal typeStrategic Equity Investment & Municipal Bond Finance
Deal locationMt. Pleasant, Texas, USA
Deal team leadersPatrick Yeghnazar, Managing Partner, 1V1sion Capital / Andrew Yeghnazar, Partner, 1V1sion Maximize / Operating Partner, 1V1sion Capital
NEW YORK, NY & MOUNT PLEASANT, TX, July 1, 2025 — 1V1sion Capital today announced a strategic investment in Aluminz' zero-landfill aluminum facility.
Background
- Initial Concept: Aluminz, led by ex-Alcoa leaders Richard Mayenknecht (CEO) and Larry Harmon (COO), began as a private-venture to pilot zero-landfill aluminum recovery. The Company needed financing and advisory help to tackle the large opportunity in the aluminum recycling space.
- Market Opportunity: The U.S. is a net importer of high-value aluminum used across aerospace, automotive, electronics and renewable-energy sectors. A domestic, ultra-low-carbon supply chain promised both strategic and economic upside.
- Local Stakeholders: Mount Pleasant EDC ("MPEDC") and City/County leadership were seeking an anchor project to drive sustainable industrial growth and high-quality jobs.
Process
- Structuring for Scale: 1V1sion worked with Aluminz management to reconfigure the original smaller-scale model into a municipal-finance-ready structure, optimizing the debt/equity mix, securing public-sector partnership, and attracting private lenders.
- Site & Partnership Negotiation: Aluminz management and 1V1sion negotiated a 30-year commercial ground lease on 155 acres of MPEDC-owned land along US-67, plus a comprehensive performance agreement.
- Financing Support: Leveraged 1V1sion's bond and private placement expertise to ready a combined public/private financing package, expanding the deal from concept to a municipally backed, large-scale investment.
- Stakeholder Alignment: Coordinated permitting, rail-spur planning, and workforce development commitments with MPEDC and local colleges to de-risk timeline and operations.
Outcome
- Planned Scale: A 140,000 MT/year capacity facility with zero-landfill processing via an innovative salt-cake recovery technology.
- Local Impact: 130+ permanent, above-market wage jobs; 75+ skilled construction roles; on-site 7.5 MW solar and best-in-class emission controls.
- Timeline: Engineering and permitting underway; groundbreaking Q3 2025; commercial operations targeted mid-late 2027.
- Leadership Credit: 1V1sion's strategic structuring expanded the venture five-fold, while Aluminz management secured the MPEDC partnership and lease, cementing local support and long-term site control.
“By reshaping a pilot into a municipally backed industrial platform, complete with a 155-acre lease and performance agreement, we unlocked the financing and community alignment needed for a true industry-scale, zero-landfill aluminum hub.”
Patrick Yeghnazar, Managing Partner, 1V1sion Capital
“Our team's work securing MPEDC's enthusiastic backing laid the foundation. 1V1sion then structured the investment to attract both public- and private-sector capital, fast-tracking our growth and delivering on the promise of sustainable, circular aluminum.”
Richard Mayenknecht, CEO & Co-Founder, Aluminz
About 1V1sion Capital
1V1sion Capital is a New York-based investment banking, co-investment and growth consulting firm specializing in driving transformative growth in its portfolio and partner companies. With deep expertise in finance and revenue leadership, 1V1sion mobilizes capital to drive sustainable growth and operational excellence.
About Aluminz Corporation
Aluminz is the first zero-landfill aluminum recovery company in the United States. Its proprietary, closed-loop process converts dross and scrap into high-grade secondary aluminum with more than 90% lower carbon emissions than primary smelting.
Media contacts
1V1sion Capital | press@1v1sion.com
Aluminz Corporation | press@aluminz.com
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