CARDS Holdings (Kinderhook) Acquires Trash Hog, LLC

Cards Holdings Acquires Ken's Trash Service

November 7, 2024

Environmental Services

Cards Holdings LLC of Fayetteville, Arkansas has acquired Ken's Trash Service of Tahlequah, Oklahoma as part of its ongoing roll-up of regional waste providers. The purchase expands Cards' residential and commercial collection footprint in northeast Oklahoma and adds route/customer density to its network of waste services.

Kinderhook Industries Recapitalizes CARDS Recycling

March 20, 2023

Environmental Services

Kinderhook Industries has recapitalized CARDS Recycling, partnering with founder and CEO Dan Christensen and the company's management team to provide growth capital and support expansion. CARDS, headquartered in Springdale, Arkansas, operates municipal, commercial, and industrial solid waste collection and post-collection facilities across Arkansas, Kansas, Missouri, Oklahoma and Texas; financial terms were not disclosed.

CARDS Recycling Acquires Whittinghill Disposal Services

April 5, 2023

Environmental Services

CARDS Holdings (CARDS Recycling), a PE-backed regional waste and recycling services provider, has acquired Whittinghill Disposal Services, a commercial and industrial waste hauler based in Muskogee, Oklahoma. The deal adds roughly 7,000 customers, 8 trucks and 15 employees and brings construction & demolition recycling, wood grinding and composting capabilities while increasing CARDS' market density across eastern Oklahoma and bridging its Arkansas, Oklahoma and Texas operations. The acquisition was enabled by a recent capital investment from Kinderhook Industries.

Cards Holdings Acquires Harrah Disposal and Stacy's Trash Service

August 5, 2024

Environmental Services

Cards Holdings LLC, based in Springdale, Arkansas, acquired Harrah Disposal (Harrah, Oklahoma) and Stacy's Trash Service (Tahlequah, Oklahoma). The purchases expand Cards' residential, commercial and municipal waste collection services across central and eastern Oklahoma and add roughly 5,000 customers to its network.

CARDS Holdings Acquires Johns Refuse

April 24, 2023

Environmental Services

CARDS Holdings, Inc. acquired Johns Refuse, LLC, a residential and commercial waste services provider based in Chelsea, Oklahoma, expanding CARDS' footprint into the greater Tulsa market. The deal — enabled by a recent capital investment from Kinderhook Industries — adds over 7,000 customers, 5,000 containers, 10 trucks and 12 employees and expands CARDS' frontload commercial, industrial roll-off and portable restroom offerings.

Kinderhook Forms Ecowaste Solutions by Combining Live Oak Environmental and CARDS Recycling

January 22, 2026

Environmental Services

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.