Amberjack announces exit from investment in Best Trash

Amberjack Capital Partners, a Houston-based private equity investment firm focused on building market leaders across the industrial, infrastructure and environmental sectors, has announced the successful exit of its investment in Best Trash LLC. Financial terms of the transaction were not disclosed.

H.I.G Infrastructure announced its acquisition of Best Trash earlier this month. Headquartered in Richmond, Texas, Best Trash is a municipal solid waste collection company providing residential waste and recycling collection services in the greater Houston metro region. Best Trash’s core customers include municipal utility districts, homeowner associations, selected cities and individual residences.

Amberjack partnered with the founders and management team of Best Trash in 2021 with the goal of building the leading residential solid waste and recycling platform serving the rapidly growing Houston metro region. During the course of Amberjack’s partnership with Best Trash, the company significantly expanded its operating area and customer base to over 450,000 homes.

“Amberjack is honored to have supported the company during transformative years of growth and our team is incredibly proud of the Best Trash team for building a market-leading business,” says Patrick Connelly, managing partner at Amberjack Capital Partners. “Critical to the success of our partnership was the development and execution of a range of strategic initiatives, including the implementation of a digital maintenance program and customer relationship management system, as well as the execution of an accretive acquisition. We are grateful to the company’s founders, our partners, and commend the management team for their stewardship of the business. We look forward to great future outcomes for Best Trash and its management team.”

This transaction marks the second exit in the last 12 months from Amberjack’s environmental services and waste strategy. Amberjack sold Milestone Environmental Services in 2023. The environmental services and waste sectors are central to Amberjack’s investment focus, the firm says, adding that the Best Trash investment is illustrative of its long history of partnering with successful entrepreneurs to invest in and grow platform businesses.

“Amberjack was a thoughtful and value-added partner to Best Trash as we scaled the business rapidly over the past three years," Best Trash CEO Mark Moderski says. "Amberjack’s experience working with companies of our size and stage of development was valuable as we undertook significant growth initiatives. Best Trash has a sound foundation for the future to meet the needs of our growing customer base with the highest service levels.”

Amberjack was advised in this transaction by the investment banking firm Raymond James and represented by the law firm White & Case LLP.