Ironwood Capital invests in Lewis Clark Recycling and Disposal LLC

Ironwood Capital invests in Lewis Clark Recycling and Disposal LLC
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Avon, Connecticut-based Ironwood Capital has announced a subordinated debt and preferred equity investment in Lewis Clark Recycling and Disposal LLC, headquartered in Harrisburg, Illinois. Ironwood Capital says it partnered with sponsor Laurel Mountain Partners of Pittsburgh on the transaction.

Lewis Clark is a solid waste company providing nonhazardous solid waste collection and disposal services to the southern Illinois and greater Omaha markets. The company is led by Laurel Mountain Partners’ principal Jeff Kendall, who will serve as CEO, along with a deeply experienced senior management team with a track record of growing solid waste companies organically and through acquisition, Ironwood Capital says.

“Laurel Mountain Partners has a long history of building companies and developing assets,” says Carolyn Galiette, president and chief investment officer at Ironwood Capital. “Their successful track record in environmental services combined with Ironwood’s deep experience in this area creates a dynamic partnership.” 

“Lewis Clark has tremendous potential, and we are excited to work with Laurel Mountain Partners to achieve the company’s objectives and create value,” says Dickson Suit, Ironwood Capital managing director.

For the past 25 years, the principals of Laurel Mountain Partners have developed, acquired and operated numerous businesses in the environmental services industry. Laurel Mountain has completed five consolidation plays in the sector, acquiring more than 100 companies and selling those businesses either to strategic or to financial acquirers. Laurel Mountain says it seeks opportunities to build companies starting with a platform acquisition and subsequently creating value via operational improvements and acquisitions.

Ironwood Capital says it provides noncontrol growth capital to middle-market companies, investing more than $600 million in more than 100 companies throughout the past 15 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts.

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Source: Recycling Today
Ironwood Capital invests in Lewis Clark Recycling and Disposal LLC
<![CDATA[Avon, Connecticut-based Ironwood Capital has announced a subordinated debt and preferred equity investment in Lewis Clark Recycling and Disposal LLC, headquartered in Harrisburg, Illinois. Ironwood Capital says it partnered with sponsor Laurel Mountain Partners of Pittsburgh on the transaction. Lewis Clark is a solid waste company providing nonhazardous solid waste collection and disposal services to the southern Illinois and greater Omaha markets. The company is led by Laurel Mountain Partners’ principal Jeff Kendall, who will serve as CEO, along with a deeply experienced senior management team with a track record of growing solid waste companies organically and through acquisition, Ironwood Capital says. “Laurel Mountain Partners has a long history of building companies and developing assets,” says Carolyn Galiette, president and chief investment officer at Ironwood Capital. “Their successful track record in environmental services combined with Ironwood’s deep experience in this area creates a dynamic partnership.”  “Lewis Clark has tremendous potential, and we are excited to work with Laurel Mountain Partners to achieve the company’s objectives and create value,” says Dickson Suit, Ironwood Capital managing director. For the past 25 years, the principals of Laurel Mountain Partners have developed, acquired and operated numerous businesses in the environmental services industry. Laurel Mountain has completed…