Macquarie Asset Management Recapitalizes Coastal Waste & Recycling

Firmament Recapitalizes Whitecap Waste

May 14, 2024

Environmental Services

Firmament (through funds it manages) completed a recapitalization of Whitecap Waste, a regional solid waste collection company serving over 30,000 customers in southern West Virginia. The seller was Mollitiam Holdings; Whitecap Waste President Michael Schmidt will remain in his role and Firmament said the investment will support growth, operational capability expansion, and entry into new geographies.

Coastal Waste & Recycling Acquires Pro Disposal USA

August 2, 2023

Industrial Services

Coastal Waste & Recycling, a Macquarie Asset Management portfolio company, has acquired Ridgeland, South Carolina-based Pro Disposal USA, a vertically integrated solid waste management provider serving the Lowcountry region. The add-on expands Coastal's footprint across high-growth southeastern U.S. markets; terms were not disclosed and Brown Gibbons Lang & Company served as financial advisor to Pro Disposal.

Macquarie Asset Management Acquires DTG Recycle

December 1, 2022

Environmental Services

A fund managed by Macquarie Asset Management has completed the acquisition/recapitalization of DTG Recycle from Clairvest and other shareholders. DTG management (CEO Tom Vaughn and Chief Development Officer Dan Guimont) will retain ownership stakes and continue to run the business as MAM supports the company’s next stage of growth and geographic expansion across the Pacific Northwest.

Concentric Equity Partners and Summer Street Capital Acquire Majority Stake in Frontier Waste Solutions

November 21, 2022

Environmental Services

Concentric Equity Partners and Summer Street Capital Partners led a global investment group that purchased a majority stake in Frontier Waste Solutions from Blue Sage Capital. The transaction recapitalizes Frontier to support continued geographic growth across Texas and capability expansion including further vertical integration and materials processing; Frontier's founders and managers remain significant owners.

Mosaic Capital Partners Invests in Zero Waste Recycling ESOP

August 31, 2021

Environmental Services

Mosaic Capital Partners announced an investment in the newly formed Zero Waste Recycling ESOP, enabling employee ownership while providing capital to support growth. Financial partners on the transaction included Lafayette Square, Morgan Stanley Private Credit and Impact Engine; CEO Will Simmons will continue to lead the business from its two processing facilities in Charlotte, North Carolina and Lancaster, South Carolina.

Macquarie Asset Management Acquires Majority Stake in Southern Water

August 9, 2021

Utilities

Macquarie Asset Management has agreed to acquire a majority stake in Southern Water Services Limited and will invest over £1 billion of new equity to recapitalise the business. The capital will strengthen Southern Water’s balance sheet and fund a multi-year £2 billion investment programme to reduce leaks and pollution incidents, improve customer service, and boost financial resilience.