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Capital Waste picks up May River on the banks of Bluffton completing its Fourth Add-on Acquisition in 2020

Capital Waste picks up May River on the banks of Bluffton completing its Fourth Add-on Acquisition in 2020

January 5, 2021

Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of May River Disposal, Inc. (“May River” or the “Company”), a residential waste management company in Bluffton, SC with over 5,800 customers. May River represents Capital Waste’s fourth add-on acquisition and Kinderhook’s 52nd environmental services transaction since inception.

“May River has established itself as a premier waste management company since launching its operations in 2015. Expanding from May River’s base of residential operations, Capital Waste is excited to start offering commercial and roll-off services to customers throughout Bluffton, Hilton Head, and Beaufort. The Company founders, Jim Lewis and Rob Scott, have decades of experience in the solid waste industry, which is evidenced by the Company’s excellent service record. This service quality has led to strong growth, which we will continue in partnership with Jim and Rob who will remain equity owners in the business.” said Matt Parker, Chief Executive Officer of CWS.

“This acquisition will extend Capital Waste further South into a desirable new market. Our new yard near Hilton Head will serve as another base from which we can target new contract opportunities in the region and drive organic growth. We are excited to partner with the management team at May River and continue to execute on Capital Waste’s acquisition thesis.” said Rob Michalik, Managing Director of Kinderhook.

“We are excited to partner with the Capital Waste team. Capital Waste has quickly grown to become the leading independent acquiror in the region focused on expanding its operating footprint while maintaining high levels of service quality. We look forward to continuing on as members of the Capital Waste team as the platform continues to grow across the Southeast.” said Jim Lewis and Rob Scott, founders of May River.

Financing for the transaction was provided by Comerica Bank.

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]


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


About May River Disposal

Residential waste management company in Bluffton, SC with over 5,800 customers

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

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