Carr's Hill Partners invests in Arrow Waste, makes leadership changes

Carr's Hill Capital Partners Management (CHP), a lower middle-market private equity firm based in New Orleans, has announced its investment in Arrow Inc., a provider of roll-off container and waste hauling services for residential, commercial and industrial clients in the greater Atlanta metropolitan area.   

CHP says Arrow's reliability and emphasis on customer service have positioned it as the preeminent provider to its base of more than 10,000 clients annually.  

"Arrow Waste is a market leader with tremendous potential," says H. David de Laureal, managing partner of CHP.  

Following CHP's investment, Justin Vetsch joined Arrow Waste as CEO. Vetsch brings more than 11 years of industry experience, most notably in senior roles at WM in markets including Kansas City, Missouri, and Omaha, Nebraska. Vetsch has played a pivotal role in expanding commercial relationships, entering new markets and developing strategic partnerships throughout the waste industry, according to CHP. Rip Thomson, Arrow's founder, will continue as an active advisor to the business  

"I was immediately impressed by Arrow's longstanding customer relationships and reputation for high-quality service," Vetsch says. "The vision and capital support of the CHP team created a compelling opportunity, and we're already making significant progress expanding Arrow's postcollection capacity and growing our commercial waste client base. I look forward to continuing to build a best-in-class, client-focused environmental services firm."  

Kirkland & Ellis LLP served as legal counsel for CHP; Hancock Whitney and Tecum Capital provided financing for the transaction.