Laurel Mountain Capital announces investment in 5280 Waste Solutions

Laurel Mountain Capital (LCM), Pittsburgh, has announced its senior subordinated debt and equity investment in 5280 Waste Solutions LLC, a Denver-based roll-off residential, and commercial waste management company servicing metro Denver.

LMC partnered with Tecum Capital and Comerica to support the majority recapitalization of the company led by Laurel Mountain Partners (LMP), the Kendall Family Office, which also owns Bruin Waste Management. Bruin Waste operates an integrating hauling, recycling and disposal business on the Western Slope of Colorado.

“We have ambitious growth plans for 5280, and we are extremely fortunate to have capital partners who are in lockstep with our strategic vision,” says Jeff R. Kendall, a partner at LMP and CEO of 5280. “The company has a durable foundation in the C&D segment and a compelling opportunity to build out its commercial and residential lines. LMC’s and Tecum’s deep experience in the environmental services industry will be invaluable in facilitating our growth objectives.”

Kendall will work closely with the company’s leadership team.

RELATED: Corporate Growth Conference 2024: How to manage risk in waste management

Dickson Suit, LMC president and chief investment officer, adds, “5280 is an ideal fit for our investment strategy. It’s an established operator with strong market positioning, strong cash flow and actionable growth opportunities. We are also pleased to partner with Tecum Capital and Comerica and look forward to supporting the company’s next phase of growth with capital and resources.”

Legal counsel for the transaction was provided by K&L Gates LLP on behalf of LMP, Hogan Lovells US LLP on behalf of LMC and Bodman PLC on behalf of Comerica.