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May River Disposal

mayriverdisposal.com

Stage

Acquired | Acquired

About May River Disposal

May River Disposal is a residential waste management company in Bluffton, South Carolina.On January 5th, 2021, May River Disposal was acquired by Capital Waste Services. The terms of the transactions were not disclosed.

Headquarters Location

Columbia, South Carolina, 29202,

United States

843-757-2722

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Latest May River Disposal News

Capital Waste acquires May River Disposal - Waste Today

Jan 26, 2021

Capital Waste acquires May River Disposal May River Disposal is a residential waste management company with more than 5,800 customers. Capital Waste Services LLC , a Columbia, South Carolina-based portfolio company of New York City-based Kinderhook Industries LLC , announced the acquisition of May River Disposal Inc. Jan. 5. May River Disposal is a residential waste management company in Bluffton, South Carolina, with more than 5,800 customers. May River represents Capital Waste’s fourth add-on acquisition and Kinderhook’s 52nd environmental services transaction since inception. “May River has established itself as a premier waste management company since launching its operations in 2015," Matt Parker, CEO of Capital Waste, says. "Expanding from May River’s base of residential operations, Capital Waste is excited to start offering commercial and roll-off services to customers throughout Bluffton, Hilton Head and Beaufort. The company founders, Jim Lewis and Rob Scott, have decades of experience in the solid waste industry, which is evidenced by the company’s excellent service record. This service quality has led to strong growth, which we will continue in partnership with Jim and Rob, who will remain equity owners in the business." Rob Michalik, managing director of Kinderhook, says, “This acquisition will extend Capital Waste further south into a desirable new market. Our new yard near Hilton Head will serve as another base from which we can target new contract opportunities in the region and drive organic growth. We are excited to partner with the management team at May River and continue to execute on Capital Waste’s acquisition thesis. "  “We are excited to partner with the Capital Waste team. Capital Waste has quickly grown to become the leading independent acquirer in the region focused on expanding its operating footprint while maintaining high levels of service quality. We look forward to continuing on as members of the Capital Waste team as the platform continues to grow across the Southeast,” Lewis and Scott say in a joint statement. Financing for the transaction was provided by Dallas-based Comerica Bank . A Waste Pro driver on the job in Cross City, Florida, is being thanked by a family in that city after helping rescue a man who had collapsed outside his home. Driver Kenneth McGarrah of Waste Pro’s Fanning Springs Division in northern Florida was in the right place at the right time the week before Christmas when he drove by as a woman was waving her arms for help. The woman was the wife of a Cross City resident named George, who prefers further anonymity, who had collapsed in their yard. In a letter to Waste Pro, George said he had been placed on a new medication and had a drop in blood pressure, causing his loss of consciousness. After being waved down, McGarrah stopped his truck, called 911, and helped stabilize George until an ambulance arrived. McGarrah says he did what anyone would do. “I got out to help someone, the ambulance [arrived], and I left,” he says. According to a Waste Pro news release, George fully recovered and was able to celebrate Christmas at home. “Thanks to Waste Pro for being such a good neighbor to us, especially Kenneth,” he wrote in a letter to the Longwood, Florida-based waste and recycling firm. Morton Grove, Illinois-based Lakeshore Recycling Systems (LRS) has announced what it calls its largest acquisition to date, that of Maywood, Illinois-based Roy Strom Co. LRS calls Roy Strom “among the most respected independent waste haulers in the Chicagoland market.” The addition of Roy Strom to the LRS portfolio “positions LRS for accelerated growth throughout Chicagoland and the broader Midwest,” adds the firm, which also refers to itself as the nation’s seventh-largest privately held waste and recycling company. According to LRS, it is gaining “an extensive, long-tenured residential and commercial customer base, well-positioned single-stream and C&D [construction and demolition] recycling operations and a strategically located transfer facility in Maywood that serves many local operators.” “As the fourth generation of Strom leadership, I am excited to carry on my family’s values of hard work, putting the customer first, and fierce independence; at LRS those values will be preserved for generations to come,” says George Strom, president of Roy Strom Co. LRS says George Strom will continue with LRS as an area vice president, leading operations at the LRS Roy Strom facilities in Maywood. LRS CEO Alan T. Handley  says, “For more than 75 years, Roy Strom Co. has built a rich legacy as one of the most respected independent waste and recycling leaders in Chicago. This critical partnership demonstrates how trusted LRS remains as a first-choice acquirer for independent, family-owned waste and recycling companies throughout the Midwest.” Handley adds, “LRS has been built by entrepreneurs with many of the acquired businesses’ family members continuing to serve as key executives throughout the organization. Maintaining our entrenched local roots with an unyielding commitment to the customer experience differentiates LRS and fuels our growth and innovation. LRS remains the local alternative to large national waste haulers who lack the community connection so essential to successful waste and recycling service delivery.” Chicago-based Much Shelist served as legal advisor and KPMG LLP provided financial and tax advisory services to LRS. Additionally, in conjunction with the acquisition, Comerica Bank’s Environmental Services Department led the senior financing and Ironwood Capital provided mezzanine financing, says LRS. In conjunction with the acquisition, Ironwood Capital announced a subordinated debt investment in LRS. “We’re very excited about partnering with Alan and his team to support the company’s acquisition of Roy Strom Company, one of the most respected independent waste haulers in the Chicagoland market,” Dickson Suit, managing director of Ironwood Capital, says. “LRS has established itself as a dominant independent waste management company serving Chicagoland and surrounding regions, and differentiates itself from competitors because it is built by entrepreneurs, with deep roots in its commitment to customers.” “This is a transformative acquisition for LRS,” Handley says. “Roy Strom’s extensive residential and commercial business, single-stream and C&D recycling operations, and its transfer facility in Maywood, Illinois, overlay perfectly onto LRS’s operations and assets.” Handley added, “This acquisition positions LRS for strong growth ahead, and we’re excited to partner with Ironwood to finance this acquisition and to foster future growth. Ironwood’s experience in the environmental services industry makes it an ideal partner to support our growth objectives.” Ironwood says with this deal, it has now made more than a dozen platform investments in the waste management vertical. Following its December 2019 purchase of CDSRVS LLC and Container Management Group LLC, collectively known as Can DO! Services, FleetGenius has announced that these services were rebranded to FleetGenius as of Jan. 1 of this year. The company says the change is designed to better represent its expanded market presence, having grown from a regional company to a national services provider and its key role as a partner to sustainability-focused organizations. According to the Naples, Florida-based company, this rebranding also is tied to the value proposition sought by FleetGenius ’ customers: improved customer experience and increased sustainability through outsourced logistics and asset management using its proprietary technology platform. The FleetGenius platform is designed to integrate directly with customers’ systems and provides real-time service data. Under the "reduce, reuse, recycle” philosophy, FleetGenius says it has demonstrated its commitment to furthering sustainability through continuous investment in new technologies and business practices. Under the umbrella of reducing and reusing, the company says it has launched container washing technologies that are designed to reduce water consumption; has repaired hundreds of thousands of plastic carts and containers annually that would have been scrapped otherwise; and has developed its national footprint of steel container repair and parts service centers. FleetGenius says it also has diverted hundreds of thousands of scrap carts from landfills through its recently launched mobile container processing and cleaning service that facilitates recycling. Andreas Y. Gruson, chairman and CEO of FleetGenius says, “I’m humbled by the tremendous team we have at FleetGenius and their amazing efforts every day to provide our customers with unparalleled service. I’m super appreciative of the trust our customers place in us, and I’m excited about our opportunities to continue to grow with them as a trusted partner.” FleetGenius is a Minority Business Enterprise (MBE) certified company and operates in 20 states. The city of Glen Rose, Texas, has begun its second month with Republic Services as its new solid waste service provider, reports the Glen Rose Reporter . “I’ve heard my staff say they like working with Republic,” Glen Rose City Administrator Michael Leamons said. “I haven't heard any complaints from the public, so that's a good sign. In a letter dated Oct. 29, the city received notice from Knox Waste Services (KWS) stating it was selling all its assets (equipment, accounts, etc.) to Phoenix-based  Republic Services and asked that the Glen Rose City Council approve the transferring of the KWS contract to Republic in its meeting on Nov. 16. According to the Glen Rose Reporter, the council had three options: approve the transfer; attempt to renegotiate the terms of the contract; or stay with KWS and force it to continue with the agreement until fulfillment in two years. Vince Rable, a representative of Republic Services, the second-largest waste management service in the United States, said there would be no renegotiation at this point because the sale of KWS had not been officially finalized and he didn’t have the authority to renegotiate, but he did say they could revisit it in down the road after Republic officially acquired KWS. “Give us six months to get our bearings and get everything straightened out and then if we want to have discussions about different services — prices, longer contract terms — we can have those discussions,” he said at the council meeting. Councilman Johnny Martin was concerned that if the council didn’t approve the contract transfer and forced KWS to continue, there would be too much uncertainly about the level of service the city would receive and was worried it could get worse than it already is. Rable told the council that Republic has around 200 municipality contacts in the state of Texas and has had a contract with the city of Arlington since 1951 and the city has never sent out for a new bid, and the same goes for the city of Grand Prairie, which has been with Republic since 1961. Rable said Republic, which has a landfill in Itasca less than 50 miles from Glen Rose, was acquiring all of the KWS assets and if the city didn’t approve the transfer, Glen Rose would be the only city still under a KWS contract. He said KWS had 28-30 city contracts. “I feel like it would be in the city’s best interest to go ahead,” Martin said. The council approved the move, 4-1, stating the city needed to do its due diligence concerning Republic Services before approving the transfer. Republic officially began providing the service in Glen Rose on Nov. 30.

May River Disposal Frequently Asked Questions (FAQ)

  • Where is May River Disposal's headquarters?

    May River Disposal's headquarters is located at Columbia.

  • What is May River Disposal's latest funding round?

    May River Disposal's latest funding round is Acquired.

  • Who are the investors of May River Disposal?

    Investors of May River Disposal include Capital Waste Services.

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