RF Investment Partners (RF), a New York-based provider of structured growth capital, has made a platform investment into Phoenix-based Ally Waste Services, a valet trash and recycling provider for multifamily housing communities, student housing and senior living facilities.
Financial details of the investment were not disclosed.
RF says the investment will help Ally Waste in three areas:
expanding the company’s geographic footprint;
bringing services to more customers nationwide; and
leveraging growth opportunities through mergers and acquisitions.
According to a news release from RF, Ally Waste’s mission is to streamline property waste systems while adding value to the tenant’s experience. Ally Waste’s valet servicers walk door-to-door collecting trash and recycling from residents, ultimately delivering the waste to the appropriate facilities.
“When looking toward the future of Ally Waste, RF stood out as a true value-added partner that aligned seamlessly with our team, understanding our vision from a cultural and growth perspective,” Ally Waste CEO James Crawley says. “We are excited to work with the team at RF to focus on the next phase of our evolution, with opportunities stemming from organic growth and further M&A expansion.”
For the last 10 years, Ally Waste says it has promoted cleaner communities and increased property values through the most reliable and consistent service in the burgeoning valet trash industry.
Waste Today has reached out to RF Investment Partners and Ally Waste for further comment.
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