July 19, 2021

Bossier City, LA – Kinderhook Industries, LLC (“Kinderhook”) is pleased to announce the acquisition of Live Oak Environmental, LLC (“Live Oak” or the “Company”), a growing solid waste collection and special waste hauler located in Northwestern Louisiana. The acquisition of Live Oak represents Kinderhook’s 57^th environmental services transaction since inception. Financial terms of the transaction were not disclosed.

Headquartered in Bossier City, Louisiana, Live Oak is a leading regional provider of solid waste hauling services for residential, commercial, and industrial waste generators. The Company currently services Bossier City under a long-term municipal contract in addition to commercial, residential subscription, and industrial waste customers in the region.

“Live Oak was founded on the principle of providing first-class waste services to our customers,” said Roy Walters, President and CEO of Live Oak. “We are ecstatic to partner with Kinderhook and continue expanding our service offerings throughout the region.”

“Live Oak is a fast growing, well established company with significant opportunities for expansion and an industry veteran at the helm,” said Rob Michalik, Managing Director of Kinderhook. “We are very excited to partner with Kinderhook Business Building Professional Mack Mandell, who will serve as Chairman of the Board of Directors post-close, and Live Oak CEO Roy Walters to continue to operate and grow this business while providing the same great service Live Oak’s customers have come to expect.”

“We are excited to grow in this new market. We expect to bring a depth of experience to this platform as it begins to realize its next phase of growth and expand throughout Northwestern Louisiana and East Texas,” said Mack Mandell, Chairman of the Board of Directors. “We will launch an aggressive growth plan with targeted add-on acquisitions across the region.”

Financing for the transaction was provided by Comerica Bank and Kirkland & Ellis LLP served as legal counsel to Kinderhook.

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]