Kinderhook Industries

No Time for the Sandman, Capital Waste Strengthens South Carolina Presence with Acquisition of Sandlands C&D Landfill

March 17, 2023

Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Sandlands C&D Landfill of SC, LLC (“Sandlands”). Sandlands is a class II construction and demolition landfill and roll-off hauling company located in Gresham, South Carolina. In addition, the company has two transfer station assets – an operational site located next to the landfill as well as an in-development site in North Carolina. This acquisition represents Capital Waste’s tenth add-on acquisition and Kinderhook’s 90th environmental / business services transaction since inception.

“The CWS family is happy to welcome another talented team into this rapidly growing platform. The opportunity to add another disposal outlet to our already vertically integrated operations in South Carolina further strengthens our position in our core geography. We are eager to work together to not only meet but exceed our customers’ expectations and foster a culture of quality service.” said Matt Parker, Chief Executive Officer of CWS.

“The company represents a well-positioned asset sitting in a desirable geography for our growing platform. We continue to execute on CWS’ acquisition strategy and are excited to acquire one of the few long life, independent disposal outlets in the market. The site provides CWS a desirable base to further expand collection efforts in the region and continue to deliver best in class service.” 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. HamptonRock Partners and BakerHostetler served as financial advisor and legal counsel to Sandlands.

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]

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 425 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, business services / environmental and light manufacturing / automotive 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