NMS Capital has teamed up with Chuck Casalinova to invest in the environmental services industry. No financial terms were disclosed. Most recently Caslinova was chief financial officer of PowerTeam Services.
New York, NY, July 7, 2021 – NMS Capital (“NMS”), announced today a new executive partnership with Chuck Casalinova to pursue platform investments in the Environmental Services industry. Mr. Casalinova has joined NMS’s Operating Executive Council (“OEC”), which is comprised of experienced industry leaders and operating executives.
NMS OEC members work alongside NMS and portfolio management, bringing their deep industry knowledge, expertise and relationships to our companies. Together, NMS and Mr. Casalinova will actively work to identify, partner with, and build industry leading businesses within the environmental services market.
Mr. Casalinova is a highly accomplished waste management and utility services executive with 40+ years of combined experience. He has a track record of significant value creation both organically and through acquisitions. Most recently Chuck was CFO of PowerTeam Services, a $900+ million revenue utilities services business backed by private equity. Prior to that, Mr. Casalinova spent nearly 13 years as SVP and CFO of WCA Waste Corporation, a super-regional waste hauling provider that he helped build from the ground up. Prior to WCA, Chuck spent nearly 20 years with Waste Management, serving in various financial, operational and growth focused areas. Chuck has completed upwards of 50 acquisitions and integrations during his career, creating significant shareholder value along the way.
Mr. Casalinova commented, “I’m excited to join NMS’ OEC and to be a part of their theme-driven approach to identifying and partnering with high quality companies and teams poised for growth. The support they provide their portfolio companies in all aspects of the business lifecycle truly differentiates them and I look forward to leveraging some of the experience I have in the environmental services and waste management sectors to help build best-in-class platforms.”
“Chuck’s entrepreneurial background, deep industry knowledge and exceptional operating track record will prove invaluable as we evaluate new opportunities and look to partner with proven management teams in the sector,” said Daniel Schwartz, Principal at NMS. “We are thrilled to work with Chuck and believe our partnership will position NMS to pursue several interesting investment themes across a large, growing, and increasingly complex environmental services market.”
“Environmental services has been a theme that we have found very interesting for a while and by partnering with someone like Chuck, we can leverage our collective experience to identify the best business models, companies and operators to invest in” added Kevin Jordan, Managing Partner at NMS. “Together, we stand to provide both capital and industry expertise when it comes to developing and executing on growth initiatives, both organically and through M&A.”
NMS has a strong track record of investing in best-in-class business services companies across a number of mission critical sectors including utility services, testing and inspection, and safety and compliance. A few examples of these investments include Exo (asset inspection and remediation of critical infrastructure), Treeways (regulated vegetation management services) and Safety Management Group (EHS services).
About NMS Capital:
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The firm was formed through the spin-out of a group of portfolio companies from Goldman Sachs’ Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Business Services and Healthcare Services. For additional information on NMS, please visit the firm’s website at www.nms-capital.com.