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Kinderhook Acquires Solid Waste Growth Platform Capital Waste Services

Kinderhook Acquires Solid Waste Growth Platform Capital Waste Services

August 20, 2019

New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the acquisition of Capital Waste Services, LLC (“Capital Waste”, “CWS” or the “Company”) from Hawk Capital Partners (“Seller”). Capital Waste represents Kinderhook’s 9th environmental services platform since inception.  Financial terms of the transaction were not disclosed.

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 currently services sections of Richland and Lexington County under long-term municipal contracts as well as over 3,300 commercial and industrial waste customers.

Capital Waste will continue to operate under its current management following the transaction. “We look forward to the partnership with Kinderhook and leveraging the resources they bring to the table to accelerate the execution of our growth strategy,” said Matt Parker, Chief Executive Officer of CWS. “The Company is well-positioned to continue to grow by increasing its commercial and industrial penetration in existing markets and expanding all services into new geographies.”

“We are excited to welcome Capital Waste to the Kinderhook portfolio,” said Rob Michalik, Managing Director at Kinderhook. “We look forward to accelerating the Company’s growth through investments in people, equipment, and systems while maintaining the high-quality service levels Capital Waste is known for.”

“Matt and his team have done a tremendous job growing Capital Waste,” said Corwynne Carruthers, Managing Director at Kinderhook. “We are excited to partner with Hawk Capital Partners and management to grow a strong Southeast waste collection company.”

“Kinderhook is an ideal partner for the Company,” said Jim Mirage, Partner and Co-Founder of Hawk Capital Partners. “They recognize the importance of high-quality service being the top priority for CWS’s customers and will carry that priority forward as the Company continues on its growth trajectory.”

As part of the transaction, Kinderhook will be adding Tom Brown, Tom Cowee, Mack Mandell and Harold Jorski, all Kinderhook Operating Partners, to the Board of Directors. Each of these Board members have over 30 years of industry experience.

Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by Comerica Bank.
Holland & Knight LLP served as legal counsel to Hawk Capital Partners.

For additional information about this transaction, please contact: 
Robert E. Michalik
Managing Director
+1 (212) 201-6789
[email protected]


Cor Carruthers
Managing Director
+1 (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

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