Kinderhook-backed Capital Waste Services adds-on Priority-1 Waste

Priority-1 Waste represents Capital Waste's second add-on.

Kinderhook Industries-backed Capital Waste Services acquired Priority-1 Waste, which works with industrial, construction and demolition waste customers in the Charleston market. Priority-1 Waste represents Capital Waste’s second add-on.

Press Release

Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Priority-1 Waste, LLC (“Priority-1 Waste” or the “Company”), a roll-off collection company serving industrial and construction and demolition waste customers in the Charleston market. Priority-1 Waste represents Capital Waste’s second add-on acquisition and Kinderhook’s 48th environmental services transaction since inception.

“Priority-1 Waste allows us to expand our service offering in the Charleston market to include rolloff services for industrial and C&D waste customers. With the recent launch of our Charleston operations, we look forward to growing Priority-1 Waste into permanent roll-off work while also branching off into front-end load waste and recycling collection,” said Matt Parker, Chief Executive Officer of CWS.

“We are excited to further expand the Capital Waste platform through acquisition. The team has done an exceptional job maintaining its industry leading service while broadening its geographical reach and operational capabilities. We expect to continue this growth through both our expansive sales force as well as additional M&A.” said Rob Michalik, Managing Director of Kinderhook.

“I am happy to partner with Capital Waste who has the capabilities and resources to continue our great service for our growing customer base. I am excited to work with Matt Parker and his team post-closing as they continue to excel as leaders in the South Carolina market.” said Dana Arthur, Founder of Priority-1 Waste.

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

About Kinderhook Industries

Kinderhook Industries, LLC is a private investment firm that manages over $3.1 billion of
committed capital. We have made in excess of 225 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.

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About Capital Waste Services, LLC

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 three hauling locations in Ridgeville, Columbia, and Florence. Capital Waste currently services over 48,000 residential customers across seven long-term municipal contracts as well as over 3,400 commercial, industrial, and construction and demolition waste customers.

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