Blue Sage Capital has teamed up with John Gustafson and Trailcreek Capital Group to form Frontier Waste Holdings, a Dallas-based provider of municipal solid waste services for the municipal, residential, commercial and industrial markets. So far, Frontier has acquired two Texas waste companies Access Disposal Services and K2 Waste Solutions. No financial terms were disclosed.
AUSTIN, Texas–(BUSINESS WIRE)–Lower middle-market private equity firm Blue Sage Capital is pleased to announce its partnership with John Gustafson and Trailcreek Capital Group in the formation of Frontier Waste Holdings. Headquartered in Dallas, Texas, Frontier is a provider of municipal solid waste services to the municipal, residential, commercial and industrial markets. The initial Frontier platform includes the acquisitions of Access Disposal Services, serving Hillsboro, Texas and the market area between Waco and Ft. Worth, Texas and K2 Waste Solutions, servicing the areas around Corpus Christi and Liberty County, Texas markets. As part of those acquisitions, Tim Henderson (Access) and Bill Killian (K2) have joined the Frontier leadership team. Leading Frontier is CEO John Gustafson, a veteran in the waste industry with prior experience in senior management roles at Progressive Waste Solutions and IESI.
Jake Friemel has also joined the company as Chief Financial Officer. Previously, Friemel worked at Comerica as a Vice President in the bank’s Environmental Services Department. As Frontier’s CFO, Friemel brings deep industry knowledge and an extensive network within the solid waste industry.
President and CEO of Frontier John Gustafson remarked, “I am very pleased to announce the formation of Frontier along with our partnership with Blue Sage and Trailcreek. Further, we are extremely fortunate at this early stage to add Bill Killian, Tim Henderson, and Jake Friemel to our senior management team. The collective experience of our management group and board provides an excellent foundation for us to grow Frontier into a leader in the solid waste industry.”
Peter Huff, Co-Founder and Managing Member of Blue Sage, stated, “We are excited to partner with John Gustafson and Trailcreek to form Frontier. John’s previous roles highlight his ability to build and grow a successful waste services business, and the team he put together has the experience and talent to help execute on our plans for Frontier’s growth.”
Frontier continues to seek acquisition opportunities in the waste industry, particularly those located in Texas.
About Blue Sage
Blue Sage Capital has over $200 million in assets under management and invests in profitable, growing, lower middle-market industrial, manufacturing, service and distribution companies with revenue of $20 to $100 million. Of particular interest are opportunities to partner with founders as the first round of institutional capital in a recapitalization transaction and companies that enjoy leadership positions in niche industries.
For questions or inquiries, please contact Peter Huff at 512-536-1900 or email Peter.Huff@bluesage.com.
Trailcreek Capital Group, LLC is a private investment firm formed in 2014 to make long-term investments in growing companies with attractive fundamentals. Trailcreek emphasizes a conservative value investment philosophy. With over 15 years of investing, operating and advisory experience, Trailcreek seeks to leverage extensive industry knowledge to pursue investments principally within the business, industrial and consumer services, financial services and TMT sectors. Trailcreek is an engaged, long-term partner of companies and management teams.