Mobile-based EcoSouth, part of the Kinderhook portfolio, has acquired Desoto Recycling and Disposal and Gabbert Waste Services, which includes landfill, transfer station and hauling services in central and southwestern Florida.
The transaction marks the third acquisition for EcoSouth and the 56th environmental transaction for Kinderhook.
“The landfill assets of DRD along with the transfer station and hauling services of GWS enable EcoSouth to enter the growing Florida market with a well-established operational base and a clear and exciting runway,” said Jeff Claunch, CEO of EcoSouth. “We are very happy to own these assets and are excited about the prospect of building out our Florida operations further.”
Kinderhook’s managing director, Rob Michalik, said, “The acquisition of DRD and GWS represents the continuation of our growth strategy at EcoSouth, We are excited about the Company’s entrance into the Florida market by way of two well-run assets. We look forward to working closely with the current management team and employees to continue to grow the collection presence of GWS’ hauling operations, as well as expand the landfill’s collection footprint across both coasts.”
And managing director Cor Carruthers added, “DRD is a well-constructed, centrally located landfill with a long remaining life of site, which will enable it to accept waste throughout Florida for a long time. This acquisition reflects a great opportunity to acquire a growing company with a strong base of assets in a new market with notable tailwinds.”
EcoSouth provides waste hauling services in Mobile, Birmingham and Hattiesburg, Mississippi, plus landfills in Mobile and Santa Rosa County, Florida. “EcoSouth specializes in managing hard to process non-hazardous liquid and solid waste from industrial waste generators,” the company says of itself, adding that it owns and operates a fleet of collection vehicles and a non-hazardous landfill able to accept industrial, construction and demolition waste.
Kinderhook is a New York-based private investment firm, managing $3.3 billion in committed capital focused on niche markets in health care, environmental services and light manufacturing.
Terms of the transaction were not disclosed.