Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Coastal Waste & Recycling (Coastal), one of the largest independent vertically integrated solid waste and recycling businesses in the Southeastern U.S., by Macquarie Asset Management, an asset management arm of Australian bank Macquarie Group Limited.
BGL’s Environmental & Industrial Services investment banking team served as financial advisor to Coastal. The specific terms of the transaction were not disclosed.
Based in Boca Raton, FL, Coastal serves more than 450,000 customers in Florida and Georgia, making it one of the largest waste management firms in southeastern U.S. The company employs more than 800 people and operates more than 425 collection and support vehicles. The company’s operations include 18 facilities in Florida, Georgia, and South Carolina, which include two transfer stations, 11 maintenance and hauling facilities, and five material recovery facilities.
BGL’s Environmental & Industrial Services (EIS) investment banking team has been a leader in the North American market in Environmental Services transaction volume for more than eight years, according to PitchBook.com. Our EIS team focuses on businesses that perform essential services to the commercial, industrial, infrastructure, power and energy, and municipal markets. The team has executed numerous transactions related to a broad range of industrial and environmental investments and have developed significant expertise in many subsectors, including sustainability, waste and recycling, environmental and industrial field services, infrastructure services, and commercial services.