Pennsylvania-based private equity firm L2 Capital Partners will acquire Landfill Service Corp., a New York-based supplier of landfill products and equipment. McGladrey Capital Markets worked on the transaction and was exclusive advisor to Landfill Service Corp. Terms of the transaction were not publicized.
Landfill Service Corp., a leading developer and marketer of environmental solutions for the landfill industry, has been acquired by L2 Capital Partners. L2 Capital Partners is a newly established, Pennsylvania-based, private equity firm.
McGladrey Capital Marketsinitiated the transaction, sourced the buyer, led the negotiations, and acted as the exclusive financial advisor to the shareholders of Landfill Service Corp. Transaction terms were not disclosed.
The landfill and waste industry is very non-cyclical in nature, making it an attractive sector for leveraged buyouts, said Brian Boyle, senior managing director at McGladrey Capital Markets. Landfill Service Corp. has a unique business model that helps landfill owners and operators save a significant amount of money annually. The combination of earnings consistency and the growth opportunity makes this an attractive platform for a new private equity firm like L2 Capital Partners.
About Landfill Service Corp.
Landfill Service Corp. is a premier supplier of landfill products and equipment to domestic and international customers that enable landfill operators to comply with EPA regulations regarding the proper operation and maintenance of municipal solid waste landfills. In the past two years, Landfill Service Corp. has also entered the erosion control and specialty hydro seeding industry with its newly formed Environmental Coatings Division.
About L2 Capital Partners
L2 Capital Partners is a lower middle market private equity firm formed by Bob Levine, an industry veteran and co-founder of Milestone Partners. L2 Capital adds value by helping business executives and owners meet their strategic and financial goals by providing access to professionals and resources gained over 25 years of principal investing experience. L2 Capital’s investments typically provide liquidity to shareholders of privately-owned businesses, facilitate the transition of ownership to key managers, or capitalize on growth opportunities.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firms services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the worlds preeminent tax services provider. McGladrey Capital Markets international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.