Amberjack Completes Successful Exit of Best Trash, a Leading Municipal Solid Waste and Recycling Business
July 18 2024 - 9:30AM
Business Wire
Amberjack Capital Partners (“Amberjack”), a private equity
investment firm focused on building market leaders across the
industrial, infrastructure and environmental sectors, today
announced the successful exit of its investment in Best Trash, LLC
(“Best Trash” or the “Company”). Financial terms of the transaction
were not disclosed.
Headquartered in Richmond, Texas, Best Trash is a market-leading
municipal solid waste platform serving the residential waste and
recycling collection needs of high-growth markets in the greater
Houston metro region. Best Trash’s core customers include municipal
utility districts, homeowner associations, selected cities and
individual residences.
Amberjack partnered with the founders and management team of
Best Trash in 2021 with the goal of building the leading
residential solid waste and recycling platform serving the rapidly
growing Houston metro region. During the course of Amberjack’s
partnership with Best Trash, the Company significantly expanded its
operating area and customer base and now provides its best-in-class
service to over 450,000 homes.
Patrick Connelly, Managing Partner at Amberjack, said,
“Amberjack is honored to have supported the Company during
transformative years of growth and our team is incredibly proud of
the Best Trash team for building a market-leading business.
Critical to the success of our partnership was the development and
execution of a range of strategic initiatives, including the
implementation of a digital maintenance program and customer
relationship management system, as well as the execution of an
accretive acquisition. We are grateful to the Company’s founders,
our partners, and commend the management team for their stewardship
of the business. We look forward to great future outcomes for Best
Trash and its management team.”
Mark Moderski, CEO of Best Trash, commented, “Amberjack was a
thoughtful and value-added partner to Best Trash as we scaled the
business rapidly over the past three years. Amberjack’s experience
working with companies of our size and stage of development was
valuable as we undertook significant growth initiatives. Best Trash
has a sound foundation for the future to meet the needs of our
growing customer base with the highest service levels.”
This transaction marks the second successful exit in the last
twelve months from Amberjack’s environmental services and waste
strategy, having sold Milestone Environmental Services in 2023. The
environmental services and waste sectors are central to Amberjack’s
investment focus and the Best Trash investment is illustrative of
the firm’s long history of partnering with successful entrepreneurs
to invest in and grow great platform businesses.
Amberjack was advised in this transaction by the investment
banking firm Raymond James and represented by the law firm White
& Case LLP.
About Best Trash Founded in 2009, Best Trash is a
premier and trusted waste and recycling collection platform
providing non-discretionary, best-in-class service to over 450,000
homes across more than 350 customers. Best Trash delivers
full-suite rear-load residential refuse and recycling material
collection. Founded in 2009, Best Trash has built a stellar
reputation for quality and safety, resulting in industry leading
customer retention. For more information, visit
www.best-trash.com.
About Amberjack Capital Partners Amberjack Capital
is a private equity firm that invests in and partners with
entrepreneurs and business owners to build market leaders serving
the industrial, infrastructure and environmental end markets. Often
the first institutional investor in founder-led companies,
Amberjack has a particular focus on supporting high performing
companies undertaking strategic or transformative initiatives.
Headquartered in Houston, TX, the firm has raised $2.1 billion of
committed capital since its inception in 2006 and has invested in
over 50 companies.
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Mark Semer / Alex Jeffrey Gasthalter & Co. 212.257-4170
amberjack@gasthalter.com