Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of City Carting Holding Company, Inc. (City Carting) to Tunnel Hill Partners, a portfolio company of American Infrastructure MLP Funds. BGL’s Environmental & Industrial Services team served as the financial advisor to City Carting in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Stamford, Connecticut, City Carting is a leading integrated solid waste management and recycling company in the Northeastern U.S. specializing in municipal solid waste and construction and demolition debris (“C&D”) collection, hauling, processing, and recycling; and municipal transfer station management. City Carting’s strong regional presence is anchored by its network of four transfer stations and a high volume single stream material recycling facility in the region, as well the municipal transfer stations it manages.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
Tunnel Hill Partners (THP) is a full service, non-hazardous solid waste handling company founded in 2008 by the Principals at American Infrastructure MLP Funds (American Infrastructure) as a platform for servicing the waste industry. THP provides a variety of services including recycling, beneficial reuse, transfer and disposal to commercial and industrial customers. Based in Jericho, NY, with assets in Long Island, New York City, New Jersey, Pennsylvania, Massachusetts, and Ohio, THP’s primary focus is on the safe transportation and disposal of various materials, with an emphasis on the efficient and environmentally friendly use of rail transport. American Infrastructure is Master Limited Partnership investment firm focused on companies that generate $10 to $50 million in EBITDA in the infrastructure, natural resources, and real property sectors. For more information, please visit www.tunnelhillpartners.com and www.aimlp.com.