Ironwood Capital has exited its investment in Harrisburg, Illinois-based Lewis Clark Recycling Disposal LLC, a solid waste management company. No financial terms were disclosed. The exit comes as a result of Waste Connections’ acquisition of Lewis Clark.
AVON, CONNECTICUT, May 10, 2019 – Ironwood Capital is pleased to announce an exit from its investment in Lewis Clark Recycling Disposal, LLC (Lewis Clark), which was sold to Waste Connections. Lewis Clark is a solid waste management company headquartered in Harrisburg, Illinois.
“We were pleased to work with Jeff Kendall and his Laurel Mountain Management team on this successful opportunity and look forward to working together in the future,” noted Ironwood Capital Managing Director Dickson Suit.
Jeff Kendall, managing director of Laurel Mountain Management and CEO of Lewis Clark stated, “We worked closely with Dickson and the Ironwood Environmental Services team to execute on a buy-and-build strategy for Lewis Clark. Over the past two years the company has completed several tuck-in acquisitions resulting in an expanded geographic footprint, as well as construction of a new transfer station facility.”
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $700 million in over 130 companies over the past 17 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $8 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit www.ironwoodcap.com.
About Lewis Clark Recycling Disposal, LLC
Lewis Clark is a solid waste management company headquartered in Harrisburg, Illinois providing non-hazardous solid waste collection and disposal services to the southern Illinois and greater Omaha markets. For more information, pIronwood Capital Announces Sale of Lewis Clark Recycling & Disposal, LLClease visit www.lcri.net.