DENVER, May 20, 2024
/PRNewswire/ -- Kinderhook Industries, LLC ("Kinderhook") announced
today an investment in Apex Waste Solutions ("Apex") in partnership
with management. Apex is a leading regional solid waste collection
company serving more than 75,000 customers across the Colorado
Front Range. In conjunction with Kinderhook's investment, Apex
acquired Materials Management Company ("MMC") and All American
Disposal ("All American"). Founded in 1991, MMC is an established
provider of solid waste collection and portable sanitation services
to more than 30,000 customers in Colorado
Springs and adjacent markets. All American is a leading
provider of roll-off services in the Colorado Springs market. Financial terms of
the transactions were not disclosed.
Apex is a local and independent Denver, Colorado based solid waste collection
company serving residential, commercial, and industrial waste
customers. Formed in 2021, Apex leverages its extensive market
knowledge and talented team to provide best-in-class service to its
customers. The Company has prioritized investments in its fleet and
technology to ensure the safety of its employees and support its
robust growth and commitment to innovation. With its focus on
sustainability, safety, advanced technology and reliability, Apex
has earned a reputation for excellence.
Scott Lukach, CEO of Apex, said,
"Kinderhook is the perfect strategic partner to help us in this
next chapter. Kinderhook's investment will provide us with the
capital and support to further accelerate growth and facilitate
opportunities to expand into new markets, pursue strategic add-on
acquisitions and add additional service capabilities."
"We are thrilled to bring Materials Management Company and All
American Disposal under the Apex umbrella to create one of the
largest independent waste haulers along the Colorado Front Range,"
Scott Lukach continued. "They both
have outstanding relationships with their customers and a strong
reputation in their markets."
"Scott Lukach, Scott Jenkins and Marshall Stuckey are exceptionally talented and
experienced professionals in the environmental services industry.
The team's unwavering commitment to customer service, innovation
and safety is inspiring and a testament to the Company's mission.
With our capital support, we are confident that we will be able to
help the team execute on an aggressive growth strategy," said
Rob Michalik, Managing Director at
Kinderhook.
Financing for the transaction was provided by Comerica Bank and
Akin Gump Strauss Hauer & Feld LLP served as legal counsel to
Kinderhook. MMC was advised by Catalyst Strategic Advisors.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private
investment firm that has raised $5.7
billion of committed capital. We have made in excess of 450
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 market positioning 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 Apex Waste Solutions
Apex Waste Solutions is a leading regional provider of solid
waste collection services throughout Colorado. The Company provides services to
more than 75,000 households across Colorado and thousands of commercial and
industrial customers. Apex is driven by its mission to be good
stewards of the planet by promising to serve neighborhoods,
businesses, and communities with environmentally conscious and
cost-effective waste removal and recycling practices. Our
motto is "Serving Today, Safeguarding Tomorrow, Responding
Always."
For more information please visit: www.apexwasteco.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/aint-no-mountain-high-enough--kinderhook-partners-with-apex-waste-solutions-and-acquires-materials-management-company-and-all-american-disposal-302150165.html
SOURCE Kinderhook Industries