August 20, 2019

New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the acquisition of Capital Waste Services, LLC (“Capital Waste”, “CWS” or the “Company”) from Hawk Capital Partners (“Seller”). Capital Waste represents Kinderhook’s 9^th environmental services platform since inception.  Financial terms of the transaction were not disclosed.

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 currently services sections of Richland and Lexington County under long-term municipal contracts as well as over 3,300 commercial and industrial waste customers.

Capital Waste will continue to operate under its current management following the transaction. “We look forward to the partnership with Kinderhook and leveraging the resources they bring to the table to accelerate the execution of our growth strategy,” said Matt Parker, Chief Executive Officer of CWS. “The Company is well-positioned to continue to grow by increasing its commercial and industrial penetration in existing markets and expanding all services into new geographies.”

“We are excited to welcome Capital Waste to the Kinderhook portfolio,” said Rob Michalik, Managing Director at Kinderhook. “We look forward to accelerating the Company’s growth through investments in people, equipment, and systems while maintaining the high-quality service levels Capital Waste is known for.”

“Matt and his team have done a tremendous job growing Capital Waste,” said Corwynne Carruthers, Managing Director at Kinderhook. “We are excited to partner with Hawk Capital Partners and management to grow a strong Southeast waste collection company.”

“Kinderhook is an ideal partner for the Company,” said Jim Mirage, Partner and Co-Founder of Hawk Capital Partners. “They recognize the importance of high-quality service being the top priority for CWS’s customers and will carry that priority forward as the Company continues on its growth trajectory.”

As part of the transaction, Kinderhook will be adding Tom Brown, Tom Cowee, Mack Mandell and Harold Jorski, all Kinderhook Operating Partners, to the Board of Directors. Each of these Board members have over 30 years of industry experience.

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