Ironwood Capital makes subordinated debt and preferred equity investments in Boston Carting Services
Ironwood Capital has made subordinated debt and preferred equity investments in Boston Carting Services (BCS), a provider of non-hazardous solid waste and recycling collection services in the Greater Boston market.
The company was founded by Patsy Sperduto, president and CEO, a 25-year waste industry veteran with a successful track record of growing solid waste companies organically and through M&A.
“We’re really excited about partnering with Patsy to build an environmental services platform in the fast-growing Greater Boston market,” says Dickson Suit, managing director, Ironwood Capital. Ironwood has deep experience in the environmental services industry, completing more than a dozen platform investments to date.
“BCS has tremendous potential and I’m once again thrilled to work with Dickson, the Ironwood team and Comerica Bank in this new venture with Patsy,” notes Jeff Kendall, BCS chairman of the board.
“Ironwood’s experience in the environmental services industry makes them an ideal partner to support our growth objectives,” says Patsy Sperduto.
Comerica Bank provided the senior financing. With a dedicated team focused on environmental services, Comerica Bank is one of the largest environmental lenders in the United States.