March 24, 2023
Sarasota, FL – EcoSouth Florida, LLC (“EcoSouth Florida”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of A Waste and Recycling, Inc. (“A Waste”). A Waste is a roll-off waste collection company with a transfer station located in Sarasota, Florida. This acquisition represents Kinderhook’s 91st environmental / business services transaction since inception.
“This acquisition expands our presence and capabilities in Sarasota, a key and growing market for us. We will be partnering with A Waste CEO and founder, Roger Alvarez, post-close who brings a wealth of knowledge and experience to our team. We are grateful to take over what Roger has built and expand the company’s presence in the region while continuing to provide excellent service to our customers. Our team is dedicated to driving growth and success for our company, and we are excited to see what the future holds.” said Joe Burkel, Chief Executive Officer of EcoSouth Florida.
“We remain eager to pursue new opportunities throughout Florida and further build out this platform. EcoSouth Florida continues to look for acquisitions across the solid waste value chain including hauling, transfer and landfill assets. We will continue to deploy capital behind Joe and his team who have demonstrated an ability to quickly and efficiently integrate as well as grow these acquired businesses.” said Corwynne Carruthers, Managing Director of Kinderhook.
Akin Gump Strauss Hauer & Feld LLP served as legal counsel to EcoSouth Florida. Financing for the transaction was provided by Comerica Bank.