Ridgewood Infrastructure acquires Waste Resources Management

Houlihan Lokey, a global investment bank based in Los Angeles, announced that Ridgewood Infrastructure LLC has acquired Waste Resources Management (WRM), a wastewater collection, treatment and disposal services provider serving the commercial and industrial market.

WRM, which is based in Houston, has 13 active treatment facilities located in high-growth regions of the U.S. The company owns a portfolio of companies—SouthWaste Disposal LLC, which WRM acquired in 2016; Silver City Processing in Las Vegas; and McDonald Farms Enterprises Inc.—and works with vetted subcontractors to offer comprehensive solutions for liquid waste generators nationwide.

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Ridgewood, New York City, is an infrastructure investor in the U.S. lower middle market. The firm’s areas of focus include water, energy transition, transportation and utilities.

Houlihan Lokey served as the exclusive buy-side financial advisor to Ridgewood. The bank successfully advised over 15 announced transactions in the environmental services sector in 2023.