2nd Generation Turnkey Scrap Metal Business for Sale in Northern Illinois

Newmark (NASDAQ:NMRK) is brokering the real estate for the sale of The Silver Group, a second-generation scrap metal recycling business in Belvidere, Illinois.

Rhea-AI Summary

Newmark (NASDAQ:NMRK) is brokering the real estate for the sale of The Silver Group, a second-generation scrap metal recycling business in Belvidere, Illinois. The turnkey opportunity spans about 9 acres and includes a fully operational processing facility, modern offices, and extensive equipment.

Loeb is leading the sale process, targeting strategic buyers, investors, and recycling operators seeking to expand in Northern Illinois.

Argus Jun 9 session

+3.40% close to close 0.9x rel. volume Open Argus

Details

News Market Reaction – NMRK

On Jun 9, the day this news came out, NMRK closed 3.40% above the previous close.

Data tracked by StockTitan Argus for the Jun 9 session.

Key Figures

Site size: 9 acres

Site size

9 acres

Belvidere, Illinois scrap processing facility land area

Historical Context

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Loeb leading the sale

BELVIDERE, Ill., June 9, 2026 /PRNewswire/ -- After more than two generations of ownership, The Silver Group, a respected family-owned scrap metal recycling operation, is looking for a new owner to carry the business into its next chapter after the owner passed away.

Located in Belvidere, Illinois, the offering includes a fully operational scrap processing facility on approximately 9 acres of real estate featuring trailers (multiple units), horizontal balers, trucks (roll-off & road units), wire strippers, forklifts, cranes/material handlers, excavators (including shear equipped), shears, floor & truck scales, and yard mules. The site has a modern office complex with an indoor scale readout, customer payment window, multiple offices and storage spaces, a kitchenette, and restrooms. The sale presents a rare opportunity for strategic buyers, investors, and recycling operators seeking to expand their footprint in a proven market.

Built and operated by the Silver family for two generations, the company has grown into a well-established regional business serving Northern Illinois. Decades of hard work, operational integrity, and strong customer relationships have transformed what began as a small family business into a trusted name and fixture in the scrap metal recycling industry.

"We don't see opportunities like this often", said Eric Schwartz, President of Loeb. "This is a unique chance to take the reins of a long-standing and respected operation with great real estate, equipment, and infrastructure already in place. It's a frictionless turnkey operation."

The Silver family selected Loeb to lead the sale because of its longstanding expertise in industrial asset transactions and deep experience serving the recycling, manufacturing, and processing industries. The commercial real estate is being brokered by Newmark Midwest Region.

Interested buyers can learn more about the opportunity and schedule inspections through Loeb by contacting Carolyn McClure, carolynm@loebequipment.com, 773-496-5712, and real estate inquiries to Elise Couston, elise.couston@nmrk.com, 773-957-1442.

About Loeb

Since 1880, Loeb has been helping manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Loeb monetizes industrial assets through financing, valuations, auctions, acquisitions, and sales.

For more information, visit https://www.loebequipment.com.

About Newmark Midwest Region

Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle.

Media Contact: 
Frank Redmond 
VP of Operations 
Email: marketing@loebequipment.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/2nd-generation-turnkey-scrap-metal-business-for-sale-in-northern-illinois-302794435.html

SOURCE Loeb

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What scrap metal business is being sold in Northern Illinois connected to NMRK?

A long-standing scrap metal recycling business, The Silver Group in Belvidere, Illinois, is being offered for sale. According to Loeb, the opportunity includes a fully operational facility, real estate, and equipment serving Northern Illinois scrap metal markets.

What assets are included in The Silver Group scrap metal business sale near Newmark (NMRK)?

The sale includes about 9 acres with a scrap processing facility, trailers, balers, trucks, cranes, excavators, scales, and yard mules. According to Loeb, it also features a modern office complex with indoor scale readout, payment window, offices, storage, kitchenette, and restrooms.

Why is The Silver Group scrap metal operation in Belvidere, Illinois being sold?

The Silver Group is being sold after more than two generations of family ownership, following the owner’s passing. According to Loeb, the family seeks a new owner to continue the business as a trusted regional scrap metal recycler in Northern Illinois.

How is Newmark (NMRK) involved in The Silver Group scrap metal sale?

Newmark’s Midwest Region is brokering the commercial real estate associated with The Silver Group facility. According to Newmark, the brokerage role covers the approximately 9-acre Belvidere, Illinois property that houses the scrap processing operations and modern office complex.

Who should investors contact to learn about The Silver Group scrap metal sale?

Interested buyers can contact Loeb’s Carolyn McClure for business details and inspections. According to Loeb, real estate-specific inquiries should go to Newmark’s Elise Couston, who is handling the property brokerage for the Belvidere, Illinois scrap metal facility.

What makes The Silver Group scrap metal business a turnkey opportunity for buyers?

The operation is described as a frictionless turnkey business with established customers, infrastructure, and equipment. According to Loeb, buyers gain a fully functioning scrap recycling facility, modern offices, and regional reputation, reducing setup time for investors and operators.