Kinderhook Forms Ecowaste Solutions by Combining Live Oak Environmental and CARDS Recycling
January 22, 2026
Kinderhook Industries closed a $1 billion single-asset continuation vehicle transaction, forming Ecowaste Solutions by combining Live Oak Environmental and CARDS Recycling and securing more than $400 million of new equity from participating funds including Goldman Sachs Alternatives and Apollo S3. The new Dallas‑headquartered platform will operate collection and post‑collection waste services across nine Mid‑South states, serving over 400,000 customers and pursuing organic growth and additional acquisitions.
- Buyers
- Kinderhook Industries, Goldman Sachs Alternatives, Apollo S3
- Targets
- Live Oak Environmental, CARDS Recycling
- Sellers
- Certain Kinderhook limited partners
- Platforms
- Ecowaste Solutions
- Industry
- Environmental Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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