Capital Waste acquires two waste operations in Tennessee

Capital Waste Services LLC, a Columbia, South Carolina-based provider of solid waste hauling services, has  acquired Southern Central Waste Services LLC of McMinnville, Tennessee, and Priority Waste Services Inc. of Soddy Daisy, Tennessee.  

“These companies represent highly complementary acquisitions adjacent to our Chattanooga operations,” says Capital Waste CEO Matt Parker. “The employees and talent coming over with these acquisitions will further build out our growing team in this market. With the help of their personnel, we will continue to maintain Southern Central and Priority’s strong customer relationships while implementing Capital Waste’s best practices across the market.”  

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Capital Waste, a portfolio company of New York-based Kinderhook Industries LLC, says Southern Central is a roll-off waste collection company that operates a network of three transfer stations in Tennessee. Priority is a commercial, residential and roll-off waste collection company with a municipal solid waste transfer station located in Soddy Daisy.   

“With permitted transfer stations, Southern Central and Priority represent unique assets that will serve to further buildout Capital Waste’s vertically integrated network in southeast Tennessee,” says Rob Michalik, managing director of Kinderhook. “With the ability to drive additional tons into Capital Waste’s surrounding landfills, we are excited to have cradle-to-grave control of waste generated in this market." 

These acquisitions represent Capital Waste’s eighth and ninth add-on acquisitions. Kinderhook has now completed 86 environmental / business services transactions since its inception.   

Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Capital Waste. A financing syndicate led by Comerica Bank that includes UFG Bank, Webster Bank and Fifth Third provided debt financing for the acquisitions.