Rock Hill Buys SouthWaste Services

Rock Hill Capital Group, a Houston based private equity firm, completed the acquisition and recapitalization of SouthWaste Services, Inc. The transaction was financed with equity from Rock Hill Capital I, existing SouthWaste shareholders. Macquarie Bank and The 1818 SBIC Fund, a mezzanine fund managed by Brown Brothers Harriman, provided financing.

Press release:

Rock Hill Capital Group (“Rock Hill”), a Houston based private equity firm, today announced that it completed the acquisition and recapitalization of SouthWaste Services, Inc. (“SouthWaste”). The transaction was financed with equity from Rock Hill Capital I, L.P. and existing SouthWaste shareholders along with debt refinancing from Macquarie Bank Limited and The 1818 SBIC Fund, L.P., a mezzanine fund managed by Brown Brothers Harriman.

SouthWaste, headquartered in Houston, TX, is a leading provider of non-hazardous liquid waste collection, processing and disposal services. SouthWaste was founded in 2005 by a group of private investors. The company has since completed eight acquisitions and extended its operations to include facilities in Houston, Dallas-Ft. Worth, Austin, San Antonio and Lubbock, Texas as well as Orlando, Florida and Atlanta, Georgia. Typical waste streams handled by SouthWaste include grease, grit, wastewater, sewage, sludge and leachate.

SouthWaste plans to continue to pursue growth and expansion opportunities in its existing markets as well as seek acquisition opportunities in markets it currently does not serve. “We are excited about the opportunity to partner with Rock Hill given their experience in the waste industry. They have a proven track record of helping companies continue the growth and expansion of their businesses,” stated Charles A. Wilcox, the Chairman and CEO of SouthWaste.

“We look forward to working with Chuck and the rest of the management team of SouthWaste and to assisting in the execution of the company’s growth plan,” stated Randall B. Hale, Managing Director of Rock Hill. “SouthWaste has already established a leading market position over the last several years, and we’re excited about participating in its continued success.”

About Rock Hill Capital Group

Founded in 2008, Rock Hill Capital Group, LLC www.rockhillcap.com is a private equity investment firm that targets investments in the growing middle to lower middle market companies with enterprise values of up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their businesses. Currently, Rock Hill has $50 million of committed capital under management through Rock Hill Capital I, L.P. Current portfolio companies include SouthWaste Holdings, LLC www.southwaste.com and Integrated AV Holdings, LLC. d/b/a CCS Presentation Systems [www.ccsprojects.com].