Capital Waste acquires May River Disposal

Capital Waste Services LLC, a Columbia, South Carolina-based portfolio company of New York City-based Kinderhook Industries LLC, announced the acquisition of May River Disposal Inc. Jan. 5. May River Disposal is a residential waste management company in Bluffton, South Carolina, with more than 5,800 customers. May River represents Capital Waste’s fourth add-on acquisition and Kinderhook’s 52^nd environmental services transaction since inception. 

“May River has established itself as a premier waste management company since launching its operations in 2015," Matt Parker, CEO of Capital Waste, says. "Expanding from May River’s base of residential operations, Capital Waste is excited to start offering commercial and roll-off services to customers throughout Bluffton, Hilton Head and Beaufort. The company founders, Jim Lewis and Rob Scott, have decades of experience in the solid waste industry, which is evidenced by the company’s excellent service record. This service quality has led to strong growth, which we will continue in partnership with Jim and Rob, who will remain equity owners in the business."

Rob Michalik, managing director of Kinderhook, says, “This acquisition will extend Capital Waste further south into a desirable new market. Our new yard near Hilton Head will serve as another base from which we can target new contract opportunities in the region and drive organic growth. We are excited to partner with the management team at May River and continue to execute on Capital Waste’s acquisition thesis." 

“We are excited to partner with the Capital Waste team. Capital Waste has quickly grown to become the leading independent acquirer in the region focused on expanding its operating footprint while maintaining high levels of service quality. We look forward to continuing on as members of the Capital Waste team as the platform continues to grow across the Southeast,” Lewis and Scott say in a joint statement.

Financing for the transaction was provided by Dallas-based Comerica Bank.