Kinderhook Industries-backed Live Oak Environmental completed the add-on of Ameri-Tex Services, a solid waste collection company. The add-on is Kinderhook’s third for Live Oak.
Live Oak Environmental, LLC (“Live Oak” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), has completed the acquisition of Ameri-Tex Services, Inc. (“Ameri-Tex”), a growing solid waste collection company headquartered in Whitehouse, Texas. The acquisition of Ameri-Tex represents Kinderhook’s 74th environmental services transaction since inception and the third add-on acquisition for Live Oak. Financial terms of the transaction were not disclosed.
Headquartered in Whitehouse, Texas, Ameri-Tex is a leading regional provider of solid waste hauling services for residential subscription and municipal waste generators with over 46,000 residential subscription and over 20 municipal customers throughout 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 excited to expand our service territory and the breadth of our service offering to Ameri-Tex’s customers. We look forward to working with Ameri-Tex management and employees to continue to uphold the highest quality of service standards.”
“Ameri-Tex is a well-established company founded and grown in Texas with deep ties to the state and communities it serves. We are very excited to enter this growing market,” said Rob Michalik, Managing Director of Kinderhook. “We look forward to investing in the team and equipment to further grow the Ameri-Tex business and service East Texas communities and residents.”
“Founded in East Texas, Ameri-Tex was built on the foundation of providing premium quality collection service to East Texas municipalities and residents,” said Clayton Vickers, CEO of Ameri-Tex. “Roy Walters and the Live Oak team share the passion and commitment to service that Ameri-Tex was founded on and we look forward to working with them.”
“We are excited to grow in this new market. We are eager to invest in Ameri-Tex’s operations and further their growth strategy throughout the region by investing not only in the core residential subscription market, but also in the Company’s growing commercial and rolloff business,” said Mack Mandell, Executive Chairman of the Board of Directors. “We will continue to be aggressive with the growth plan and look forward to exploring further opportunities to extend our service in this market.”
Financing for the transaction was provided by Comerica Bank and Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Kinderhook.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5 billion of committed capital. We have made in excess of 300 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.
For more information, please visit https://www.kinderhook.com
About Live Oak Environmental
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 services over 70,000 residential, commercial, and industrial customers in North Louisiana and East Texas.
For more information, please visit https://www.liveoak-environmental.com/