Capital Waste Services acquires Priority-1 Waste

Columbia, South Carolina-based Capital Waste Services LLC (CWS), a portfolio company of New York City-based Kinderhook Industries LLC, announced the acquisition of Priority-1 Waste LLC. Priority-1 Waste LLC is a roll-off collection company serving industrial and construction and demolition (C&D) waste customers in the Charleston, South Carolina, market. Priority-1 Waste represents Capital Waste’s second add-on acquisition and Kinderhook’s 48th environmental services transaction since inception.

“Priority-1 Waste allows us to expand our service offering in the Charleston market to include roll-off services for industrial and C&D waste customers. With the recent launch of our Charleston operations, we look forward to growing Priority-1 Waste into permanent roll-off work while also branching off into front-end load waste and recycling collection,” Matt Parker, CEO of CWS, says.

“We are excited to further expand the Capital Waste platform through acquisition. The team has done an exceptional job maintaining its industry-leading service while broadening its geographical reach and operational capabilities. We expect to continue this growth through both our expansive sales force as well as additional M&A,” Rob Michalik, managing director of Kinderhook, says.

"I am happy to partner with Capital Waste, who has the capabilities and resources to continue our great service for our growing customer base. I am excited to work with Matt Parker and his team post-closing as they continue to excel as leaders in the South Carolina market,” Dana Arthur, founder of Priority-1 Waste, says.

Kirkland & Ellis LLP, Chicago, served as legal counsel to Kinderhook. Financing for the transaction was provided by Dallas-based Comerica Bank.