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Ironwood Capital sells Tunnel Hill Partners

Ironwood Capital has exited its investment in Tunnel Hill Partners (Tunnel Hill), which has been sold to Macquarie Group.

Tunnel Hill is the largest integrated waste-by-rail operator in the United States with five waste-by-rail transfer stations in the Northeast, two rail-served landfills in Ohio, the largest beneficial use site in Pennsylvania (also rail-served), a hauling operation with transfer stations in Connecticut and a recycling operation in Massachusetts. The company provides a variety of services including hauling, recycling, beneficial reuse, transfer and disposal to commercial and industrial customers throughout the Northeast and Ohio.
“Our relationship with the Tunnel Hill team has been very positive,” notes Ironwood Capital Managing Director Dickson Suit. “Management has done a fantastic job executing to plan and driving growth. We wish them much success going forward.”

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