Infrastructure M&A Transactions

BGL Advises Whitecap Waste

Whitecap Waste, a portfolio company of Mollitiam Holdings, has been recapitalizaed by Firmament.

Client Description

Headquartered in Beckley, West Virginia, Whitecap Waste is one of the leading regional providers of solid waste collection services in West Virginia and provides residential, commercial, and roll-off waste collection services to over 30,000 customers throughout Southern West Virginia. Whitecap Waste was founded in 2020 to create a regional solid waste platform and quickly consolidated three local solid waste companies: Beckley Garbage, Oak Hill Garbage, and Dave’s Sanitation. The company, led by President Michael Schmidt, aims to continue to expand its geographic footprint and improve operations in order to better serve the West Virginia community.

BGL Announces the Recapitalization of Whitecap Waste by Firmament

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Whitecap Waste by Firmament, a provider of equity capital solutions to small- and medium-sized enterprises. BGL’s Environmental Services investment banking team exclusively advised Whitecap Waste in the transaction. The specific terms of the transaction were not disclosed.

BGL’s Services investment banking professionals have extensive M&A and capital markets experience, with deep knowledge in Environmental Services, Industrial & Infrastructure Services, Commercial & Residential Services, Professional Services, and Supply Chain & Logistics Services. Our Services team is deeply connected across the industries we serve, maintaining strong relationships with strategic and financial buyers around the globe.

Craig Decker Quoted in, “PAM Transport parent proposes reincorporating in Nevada,” Trucking Dive

BGL Managing Director Craig Decker, who leads the firm’s Transportation & Logistics investment banking team, is quoted in an article published by Trucking Dive entitled, “PAM Transport parent proposes reincorporating in Nevada.”

The article discusses a proposed plan for P.A.M Transportation Services to switch its incorporation from Delaware to Nevada. The plan also calls for increasing the number of authorized shares from 50 million to 100 million.

For all of Craig’s insights, the complete article on the Trucking Dive website.

BGL Announces the Sale of CG Environmental to EnviroServe

CG Environmental Cleaning Guys, a portfolio company of Silver Peak Partners, has been acquired by EnviroServe

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of CG Environmental – The Cleaning Guys (CG Environmental), a portfolio company of Silver Peak Partners, Midwest Mezzanine Funds, and Eagle Capital Partners, to EnviroServe Inc. (EnviroServe), a portfolio company of One Rock Capital Partners, LLC. BGL’s Environmental Services and Industrial & Infrastructure Services investment banking teams exclusively advised CG Environmental in the transaction. The specific terms of the transaction were not disclosed.

Headquartered in Fort Worth, Texas, CG Environmental is a regional provider of specialty environmental remediation, emergency response, and waste management services across Texas, Colorado, Oklahoma, Missouri, and the surrounding regions. CG Environmental carries a strong reputation for high-quality, reliable service and for solving its customers’ toughest environmental challenges. CG Environmental also works closely with state-of-the-art, proprietary equipment, including their “Annihilator” solutions, which enable customers to clean up spills more efficiently on pavements than traditional solutions.

Headquartered in Salt Lake City, Utah, EnviroServe provides end-to-end solutions for special waste, universal waste, biological waste, and most hazardous and non-hazardous materials. EnviroServe delivers expert handling and transportation, innovative waste reduction and recovery solutions, and highly responsive and thorough environmental field services, nationwide. EnviroServe operates 38 locations across the United States.

The addition of CG Environmental provides a highly complementary geographic footprint to EnviroServe, extending EnviroServe’s geographic presence into Dallas, Houston, San Antonio, Austin, Carthage, and Tulsa, and furthering its presence as a national end-to-end solutions provider. EnviroServe will also be able to leverage CG Environmental’s proprietary equipment and processes to be able to better serve new and existing customers across its current footprint.

Connect (X) 2024

Graphic of a fiber network with the text Connect with us at the Connect (X) and a photo of infrastructure investment banking professionals J. Nick Melton and Owen C. Weihman who are attending to discuss opportunities in digital infrastructure M&A.

Connect (X) 2024 is the only business technology event in North America that unites the digital infrastructure community – public and private – to learn about the people, devices, and machines that support infrastructure solutions.

BGL Managing Directors Nick Melton and Owen Weihman will be attending and meeting with investors, entrepreneurs, company leaders, and other digital infrastructure players.

BGL’s Digital Infrastructure investment banking team helps clients both create and maximize value.

2024 WasteExpo

The 2024 WasteExpo is North America’s largest solid waste, recycling, organics, food waste recovery, and sustainability tradeshow serving both the private and public sectors.

BGL’s Head of Services and Infrastructure Effram Kaplan and Director Jim Cocita are attending the conference and available to discuss the current state of waste management M&A and capital markets across the environmental services and infrastructure landscape.

BGL’s experience in Environmental Services includes waste & recycling including solid waste, industrial & special waste, and waste-to-energy, specialty environmental services, and tech-enabled services.

Craig Decker Quoted in, “Unexpected changes play role in used truck market activity,” Commercial Carrier Journal

BGL Managing Director Craig Decker, who leads the firm’s Transportation & Logistics investment banking team, is quoted in an article published by Commercial Carrier Journal entitled, “Unexpected changes play role in used truck market activity.”

The article highlights an increase in used Class 8 truck sales in February, which exceeded expectations. The article notes that owner-operators are exiting the industry, and fleets are trading for new trucks, which is adding used trucks to the market. This surplus, along with high new truck prices during the pandemic, has led to all-time highs in used truck prices.

For all of Craig’s insights, the complete article on the Commercial Carrier Journal.

BGL Director Jim Cocita Named a Waste360’s 40 Under 40 Award Winner in 2024

Graphic showing a photo of environmental investment banking professional James M. Cocita who has been named as one of Waste360’s 40 under 40 for his experience in waste management M&A in the environmental services industry.

BGL Director Jim Cocita has been named one of Waste 360’s 40 Under 40 Award Winner for 2024. This award recognizes professionals under the age of 40 whose work in waste, recycling, and organics has made a significant contribution to the industry.

Based in Cleveland, Jim has more than 15 years of experience in advising waste & recycling companies. His extensive transaction expertise includes M&A, recapitalizations, divestitures, strategic alternatives, and valuations for private, public, and private equity-backed companies.

To learn more about Jim and his recognition as one of the waste & recycling industry’s rising stars, read the complete article on the Waste360 website (slide 20/40).

Metro Connect USA 2024

Graphic of a fiber network with the text Connect with us at the 2024 Metro Connect USA and a photo of infrastructure investment banking professionals J. Nick Melton and Owen C. Weihman who are attending to discuss opportunities in digital infrastructure M&A.

Metro Connect USA 2024 is a must-attend for the U.S. digital infrastructure community.

BGL Managing Directors Nick Melton and Owen Weihman will be attending the conference and will be available to meet with entrepreneurs, sponsors, and other digital infrastructure leaders.

BGL’s Digital Infrastructure investment banking team is focused on helping our clients create and maximize value.