Allan Gerlat, News Editor

February 21, 2014

1 Min Read
RR Waste Gains Recapitalization

RR Waste Solutions LP has recapitalized through investment bank Brown Gibbons Lang & Co. (BGL).

Terms were not disclosed for the Dripping Springs, Texas-based solid waste company, according to a news release from the Chicago-based financial firm. The Austin-area waste firm has an affiliate operation, Black Hills Environmental Partner LLC.

RR Waste specializes in residential and commercial solid waste collection, hauling and landfill management. The company has won and maintained long-term municipal and federal solid waste contracts across the U.S.

RR Waste currently provides collection service to more than 150,000 residential and commercial locations in Iowa, Kentucky, Louisiana, Mississippi, South Dakota, Tennessee and Texas.

In addition, RR Waste owns a construction and demolition (C&D) landfill and provides landfill management services in certain locations.

The company is receiving financing from Comerica Bank's Environmental Services Department, Ironwood Capital and Patriot Capital.  BGL's Energy and Environmental Services team served as the exclusive financial advisor to RR Waste.

"BGL's process developed alternatives that ensured our transaction objectives were met, and their industry expertise helped bring us capital providers with significant experience supporting the growth of solid waste businesses,” said Jim Smith, founder and CEO of RR Waste. “We are extremely pleased with the outcome of the transaction and excited to execute our growth plan with our new partners." 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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