February 13, 2023

Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Southern Central Waste Services, LLC  (“Southern Central”) and Priority Waste Services, Inc. (“Priority”). Southern Central is a roll-off waste collection company that operates a network of three transfer stations in Tennessee. Priority is a commercial, residential, and roll-off waste collection company with an MSW transfer station located in Soddy Daisy, Tennessee. These acquisitions represents Capital Waste’s eighth and ninth add-on acquisitions. With the acquisition of Priority, Kinderhook has now completed 86 environmental / business services transaction since inception.

“These companies represent highly complementary acquisitions adjacent to our Chattanooga operations. We are excited to further expand in this high-growth region with desirable demographic tailwinds. The employees and talent coming over with these acquisitions will further buildout our growing team in this market. With the help of their personnel, we will continue to maintain Southern Central and Priority’s strong customer relationships while implementing Capital Waste’s best practices across the market.” said Matt Parker, Chief Executive Officer of CWS.

“With permitted transfer stations, Southern Central and Priority represent unique assets that will serve to further buildout Capital Waste’s vertically integrated network in Southeast Tennessee. With the ability to drive additional tons into Capital Waste’s surrounding landfills, we are excited to have cradle to grave control of waste generated in this market. As always, we continue to be aggressive in looking to acquire unique solid waste assets for this platform.” said Rob Michalik, Managing Director of Kinderhook.

Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Capital Waste. A financing syndicate led by Comerica Bank and including MUFG Bank, Webster Bank, and Fifth Third provided debt financing for the transactions.

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]