PRESS RELEASE FROM KINDERHOOK INDUSTRIES, LLC

Capital Waste Prioritizes Charleston Market with Priority-1 Waste Acquisition

Posted Jul 09, 2020

Columbia, SC – Capital Waste Services, LLC (“Capital Waste” or “CWS”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Priority-1 Waste, LLC (“Priority-1 Waste” or the “Company”), a roll-off collection company serving industrial and construction and demolition waste customers in the Charleston market. Priority-1 Waste represents Capital Waste’s second add-on acquisition and Kinderhook’s 48th environmental services transaction since inception. “Priority-1 Waste allows us to expand our service offering in the Charleston market to include rolloff
services for industrial and C&D waste customers. With the recent launch of our Charleston
operations, we look forward to growing Priority-1 Waste into permanent roll-off work while also branching off into front-end load waste and recycling collection,” said Matt Parker, Chief Executive Officer of CWS. “We are excited to further expand the Capital Waste platform through acquisition. The team has done an exceptional job maintaining its industry leading service while broadening its geographical reach and operational capabilities. We expect to continue this growth through both our expansive sales force as well as additional M&A.” said Rob Michalik, Managing Director of Kinderhook. “I am happy to partner with Capital Waste who has the capabilities and resources to continue our great service for our growing customer base. I am excited to work with Matt Parker and his team post-closing as they continue to excel as leaders in the South Carolina market.” said Dana Arthur, Founder of Priority-1 Waste. Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by Comerica Bank.


About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that manages over $3.1 billion of
committed capital. We have made in excess of 225 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche marketpositioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit: www.kinderhook.com

About Capital Waste Services, LLC
Headquartered in Columbia, South Carolina, Capital Waste is a leading regional provider of solid waste hauling services for residential, commercial and industrial waste generators. The Company operates three hauling locations in Ridgeville, Columbia, and Florence. Capital Waste currently services over 48,000 residential customers across seven long-term municipal contracts as well as over 3,400 commercial, industrial, and construction and demolition waste customers.

For more information please visit: www.capwasteservices.com