Chicago/Cleveland | March 29, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Charter Waste Management, Inc. d/b/a RiverRoad Waste Solutions (RiverRoad), formerly owned by Charterhouse Equity Partners, to Navesink Management Investments, LLC (NMI), an entity formed through a management buyout led by Kris Bunnell, CEO of RiverRoad and Managing Partner of NMI. BGL’s Environmental & Industrial Services team served as the financial advisor to RiverRoad in the transaction. The specific terms of the transaction were not disclosed.
RiverRoad is a leading asset-light, technology-enabled provider of outsourced waste, recycling, and sustainability solutions. The company services over 18,000 locations across the U.S. for its broad group of geographically diverse, multi-location retail, commercial, distribution, restaurant, and hospitality customers. RiverRoad’s 1,500+ hauler and vendor network, proprietary technology, and expertise across waste streams and end-markets allow it to provide single-source waste solutions on a national scale. RiverRoad complements its core services with value added offerings including site audits, waste characterization, sustainability reporting, and environmental compliance.