Columbia, South Carolina-based Capital Waste Services (CWS) LLC, a portfolio company of New York City-based Kinderhook Industries LLC, has announced the acquisition of Priority-1 Residential LLC, a municipal collection company based in Ridgeville, South Carolina. Priority-1 represents CWS’ first add-on acquisition and Kinderhook’s 45th environmental services transaction since inception.
Founded in 2005, Priority-1 was owned and operated by Clint Odom. Under Odom’s ownership, Priority-1 ran 10 trucks and provided hauling services for more than 15,000 homes.
“Priority-1 is a premier service provider in the region with long-standing relationships with municipalities. In addition, Clint has an extensive knowledge of the market given his 15-year history of operations,” says Matt Parker, CEO of CWS. “We are eager to continue growing the business and expand the company’s collection capabilities to reach commercial and roll-off customers within the broader Charleston, [South Carolina], market.”
“We are excited to partner with Kinderhook and become part of the Capital Waste platform. Capital Waste is known for its best-in-class service and we are proud to operate under such a strong regional brand,” says Odom.
Kirkland & Ellis LLP, Chicago, served as legal counsel to Kinderhook. Financing for the transaction was provided by Comerica Bank, Dallas.
Latest from Waste Today
- New Hampshire pauses proposed landfill rules
- Waste Connections, Food Science Corp. partner with Texas city to recycle food waste
- Waga Energy signs partnership agreement with technology provider
- AMCS launches the AMCS Platform Winter 2024
- Pettibone adds new model to telehandler line
- Waste Pro near top of Florida private companies list
- Fayetteville, Arkansas, launches curbside food waste collection program
- Stellar acquires Elliott Machine Works