June 8, 2026

New York, NY – Kinderhook Industries (“Kinderhook”) today announced that its portfolio company, Compactor Rentals of America (“CRA” or the “Company”), a leading provider of waste compaction solutions, specializing in compactor and baler leasing programs across the U.S., has completed a securitization (“Securitization”), with over $300 million funded at closing. The Securitization recapitalizes CRA’s balance sheet and establishes a scalable, long-term source of capital to support the Company’s continued growth.

The Securitization refinances CRA’s existing indebtedness and introduces a dedicated, lower-cost source of long-term capital. In addition to amounts funded at closing, the facility includes incremental committed delayed-draw and variable funding capacity that the Company can access to fund fleet expansion and future acquisitions, providing CRA with significant flexibility to continue executing its growth strategy.

“This financing is an important milestone for CRA and a strong endorsement of the platform our team has built,” said Kelly Williams, Chief Executive Officer of CRA. “Access to a scalable, long-term source of capital gives us the flexibility to invest in our fleet, expand our national footprint, and pursue accretive acquisitions as we continue to grow.”

“We are excited to put this investment grade capital structure in place for CRA,” said Rob Michalik, Managing Director at Kinderhook. “A securitization is a natural fit for a business with CRA’s high-quality, recurring rental cash flows, and it provides a flexible and efficient source of capital to support the Company’s continued organic growth and acquisition strategy.”

Guggenheim Securities, LLC served as sole structuring advisor and sole placement agent on the Securitization. Kirkland & Ellis LLP served as legal counsel to Kinderhook and CRA. White & Case LLP served as legal counsel to the lenders.

For additional information about this transaction, please contact: 
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Sam Keenan
Managing Director
(212) 201-6795
[email protected]
 
Kevin Gayhardt
Vice President
(212) 201-9979
[email protected]