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Capital Waste constructs new avenue for growth with acquisition of Pee Dee Landfill in Florence, South Carolina

Capital Waste constructs new avenue for growth with acquisition of Pee Dee Landfill in Florence, South Carolina

April 1, 2022

Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Pee Dee Environmental Services, Inc., (“Pee Dee” or the “Company”). Pee Dee is a Class II construction and demolition waste landfill located in Florence, South Carolina. This acquisition represents Capital Waste’s sixth add-on acquisition and Kinderhook’s 58th environmental / business services transaction since inception.

“We are excited to expand CWS’ capabilities in our core South Carolina market. With the addition of Pee Dee, we will expand the reach of our roll-off operations in the region, with a vertically integrated service offering.” said Matt Parker, Chief Executive Officer of CWS. “Former owner, Richard Bonnoitt, has built a great operation. We are eager to continue to invest in the landfill and provide the best service in the market.”

“Pee Dee represents a well-positioned asset sitting in a desirable geography. As one of the few remaining independent disposal outlets in the market, we see a strong opportunity to drive outsized growth at the site.” said Rob Michalik, Managing Director of Kinderhook.

Akin Gump Strauss Hauer & Feld LLP served as legal counsel.

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 vertically integrated solid waste services for residential, commercial and industrial waste generators. The Company operates seven hauling locations in Columbia SC, Florence SC, N. Charleston SC, Camden SC, Bluffton SC, Chattanooga TN, and Dalton GA as well as five disposal facilities consisting of two transfer stations and three landfills. Capital Waste currently services 75,000 residential customers across twelve long-term municipal contracts as well as 10,000 commercial, industrial, and construction & demolition waste customers.

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

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