Capital Waste Services acquires Priority-1 Residential

Capital Waste Services acquires Priority-1 Residential

The municipal collection company represents Capital Waste Services’ first add-on acquisition.

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Columbia, South Carolina-based Capital Waste Services (CWS) LLC, a portfolio company of New York City-based Kinderhook Industries LLC, has announced the acquisition of Priority-1 Residential LLC, a municipal collection company based in Ridgeville, South Carolina. Priority-1 represents CWS’ first add-on acquisition and Kinderhook’s 45th environmental services transaction since inception.

Founded in 2005, Priority-1 was owned and operated by Clint Odom. Under Odom’s ownership, Priority-1 ran 10 trucks and provided hauling services for more than 15,000 homes.

“Priority-1 is a premier service provider in the region with long-standing relationships with municipalities. In addition, Clint has an extensive knowledge of the market given his 15-year history of operations,” says Matt Parker, CEO of CWS. “We are eager to continue growing the business and expand the company’s collection capabilities to reach commercial and roll-off customers within the broader Charleston, [South Carolina], market.”

“We are excited to partner with Kinderhook and become part of the Capital Waste platform. Capital Waste is known for its best-in-class service and we are proud to operate under such a strong regional brand,” says Odom.

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