H.I.G. Infrastructure completes acquisition of Best Trash

H.I.G. Infrastructure, an affiliate of Miami-based alternative investment firm H.I.G. Capital, has completed the acquisition of Best Trash LLS, a municipal solid waste hauler serving the greater Houston area.

Best Trash, based in Richmond, Texas, serves utility districts, municipalities, homeowner associations and individual residences, with service to more than 450,000 homes across more than 350 contracts.

“We are thrilled to partner with H.I.G. and leverage their significant experience and resources as we enter this next phase of growth,” Best Trash CEO Mark Moderski says. “Best Trash has built its brand providing exceptional service to its customers and we look forward to continuing to serve the communities in which we operate.”

Stifel, Nicolaus and Company Inc. acted as financial advisor and Ropes & Gray LLP served as legal counsel to H.I.G. Raymond James & Associates Inc. acted as financial advisor and White & Case LLP served as legal counsel to Best Trash.

“We are excited about the opportunity to partner with Mark and his outstanding management team in the company’s next stage of growth," H.I.G. Infrastructure Managing Director Miriam Rafigui says. "Best Trash provides essential and recurring services under long-term contracts and has a reputation for prioritizing reliable and consistent customers service, which will continue to drive growth in the business. We look forward to supporting management’s continued growth initiatives.”