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Capital Waste collects in Columbia with acquisition of PASCON

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: 
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Corwynne Carruthers
Managing Director
(212) 201-6799
[email protected]
 
Sam Keenan
Principal
(212) 201-6795
[email protected]


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit https://www.kinderhook.com


About Capital Waste Services

Headquartered in Columbia, South Carolina, Capital Waste is a leading regional provider of solid waste hauling services for residential, commercial and industrial waste generators. The Company operates nine hauling locations in Camden SC, Ridgeville SC, Columbia SC, Florence SC, Bluffton SC, Manchester, TN, Soddy Daisy TN, Chattanooga TN, and Dalton GA as well as nine disposal facilities consisting of six transfer stations and three landfills. Capital Waste currently services 95,000 residential customers across fourteen long-term municipal contracts as well as 15,000 commercial, industrial, and construction and demolition waste customers.

For more information, please visit http://www.capwasteservices.com

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