Clairvest Group has invested $15 million in County Waste of Virginia, a private regional solid waste management company. County Waste is Clairvest’s third investment in the solid waste management industry.
County Waste of Virginia provides residential, commercial, and industrial waste collection, processing and transfer services in central and parts of southeastern Virginia. The company is based in West Point, VA (www.sdidisposal.com).
Scott Earl, CEO of County Waste, is Clairvest’s former partner at Hudson Valley Waste Holding, an investment Clairvest exited in 2011 that generated a 2x multiple of capital and an IRR of 88%.
“We look forward to our partnership with Scott who is an experienced and successful entrepreneur. Scott is a best-in-class operator and proven business builder who sees significant opportunities for County Waste. Our equity investment will support County Waste in pursuing growth opportunities and building a regionally dominant solid waste company,” said Michael Castellarin, Managing Director of Clairvest.
The Clairvest Group invests in mid-market companies, principally in North America, across a range of industries. Clairvest looks to invest from $15 million to $50 million in equity capital in companies with EBITDAs from $5 million to $40 million. Desired ownership percentages range from 20% to 80%. The firm is based in Toronto (www.clairvest.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-17-13