WHI Capital Partners Acquires Two Waste Services Companies

Acquisitions Lead to Formation of Leading Waste Services Provider in Northwest Florida

Chicago, IL — WHI Capital Partners has acquired two Florida waste services providers, combining them to create Waste Recyclers Holdings, the leading construction and demolition waste services provider in Northwest Florida.

WHI Capital Partners, a Chicago-based private equity firm targeting investments in the smaller end of the middle market, purchased Big Wheel of Florida and Waste Recyclers of North Florida to form Waste Recyclers Holdings. By combining the two acquired companies, Waste Recyclers enters as the dominant market player, owning five active construction and demolition landfills, a hauling fleet of more than 50 trucks plus a portable toilet rental and servicing business.

Waste Recyclers Holdings is poised to take advantage of extensive residential and commercial real estate development in the Florida Panhandle, its primary service territory, which includes several high-growth residential area and expanding military facilities, according to Adam Schecter, the Managing Partner of WHI Capital Partners.

"We are excited to build a leading regional waste services platform in a dynamic and growing marketplace. In completing the transaction, we were fortunate to team up with an extremely seasoned waste services management team to execute our growth plan," Schecter said.

As part of this transaction, WHI Capital Partners joined forces with waste services industry veteran Bart Begley, who will serve as Waste Recyclers' chief executive officer. "Bart is the perfect executive for us to partner with on this investment," added Mr. Schecter. "He understands the operations and complexities of the waste business and, in particular, maximizing use of the company's assets while meeting the needs of customers and the regulatory agencies."

Bart Begley, Waste Recyclers' CEO added, "This is an outstanding and unique opportunity to create the region's leading waste services company, and build it with a partner that has the financial flexibility and operational experience to support our continued growth."

SOURCE: WHI Capital Partners