Capital Waste collects in Columbia with acquisition of PASCON
June 21, 2022
Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of the commercial, front end-load waste collection assets of PASCON, LLC, (“PASCON” or the “Company”). This acquisition represents Capital Waste’s seventh add-on acquisition and Kinderhook’s 62nd environmental / business services transaction since inception.
“We are excited to expand our commercial presence in our core Columbia market. The routes acquired from PASCON will be serviced through existing Capital Waste facilities in both Columbia and Aiken.” said Matt Parker, Chief Executive Officer of CWS. “We plan to build off of PASCON’s history of success and provide Capital Waste’s best-in-class service to our new customers.”
“PASCON represents a strategic acquisition for Capital Waste. We continue to build density in the Columbia market focusing on commercial collection accounts. Matt and his team sought this acquisition from the onset of our partnership due to its strategic fit and will solidify CWS’ position as the independent market leader in Columbia” said Rob Michalik, Managing Director of Kinderhook.
Akin Gump Strauss Hauer & Feld LLP served as legal counsel. A syndicate led by Comerica Bank provided financing for the transaction.
For additional information about this transaction, please contact: