Columbia, South Carolina-based Capital Waste Services, a portfolio company of Kinderhook Industries LLC, has acquired Sandlands C&D Landfill in Gresham, South Carolina.
“The CWS family is happy to welcome another talented team into this rapidly growing platform,” says Matt Parker, CEO of CWS.” The opportunity to add another disposal outlet to our already vertically integrated operations in South Carolina further strengthens our position in our core geography. We are eager to work together to not only meet but exceed our customers’ expectations and foster a culture of quality service.”
According to a news release from Kinderhook, Sandlands is a class II construction and demolition landfill and roll-off hauling company. Additionally, the company has two transfer station assets, an operational site located next to the landfill and an in-development site in North Carolina.
Related: Capital Waste acquires two waste operations in Tennessee
“The company represents a well-positioned asset sitting in a desirable geography for our growing platform,” says Rob Michalik, managing director of Kinderhook. “The site provides CWS a desirable base to further expand collection efforts in the region and continue to deliver best-in-class service.”
This acquisition represents Capital Waste’s 10th add-on acquisition and Kinderhook’s 90th environmental/business services transaction since its inception.
Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Capital Waste. A financing syndicate led by Comerica Bank and includes MUFG Bank, Webster Bank and Fifth Third provided debt financing for the transactions. HamptonRock Partners and BakerHostetler served as financial advisers and legal counsel to Sandlands.
Construction & Demolition Recycling has reached out to Kinderhook for further comment.
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