Blue Equity’s Chairman and Managing Director, Jonathan Blue, has extensive experience in the scrap recycling business. He and his family owned and operated Louisville Scrap Material Company, which became a worldwide leader in the industry. Blue represented the fourth generation of his family to operate, grow and transform the business. He expanded the business into international railroad and other markets to become one of the largest suppliers to railroads and rail-related enterprises. In 1998 the company was sold to the largest worldwide operator in the sector, Progress Rail Services Corporation that is now owned by Caterpillar (CAT-NYSE). Likewise, many other Blue Equity executives have worked in the scrap and recycling related businesses.