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Rock Hill Capital acquires SouthWaste Services

Rock Hill Capital Group, a Houston-based private equity firm, has completed the acquisition and recapitalization of SouthWaste Services.

Rock Hill Capital Group, a Houston-based private equity firm, has completed the acquisition and recapitalization of SouthWaste Services.

The transaction was financed with equity from Rock Hill Capital I and existing SouthWaste shareholders, along with debt refinancing from Macquarie Bank and The 1818 SBIC Fund, a mezzanine fund managed by Brown Brothers Harriman.

SouthWaste, headquartered in Houston, is a provider of non-hazardous liquid waste collection, processing and disposal services. SouthWaste was founded in 2005 by a group of private investors. The company has since completed eight acquisitions and extended its operations to include facilities in Houston, Dallas-Ft. Worth, Austin, San Antonio and Lubbock, Texas as well as Orlando, Florida and Atlanta, Georgia. Typical waste streams handled by SouthWaste include grease, grit, wastewater, sewage, sludge and leachate.

SouthWaste plans to continue to pursue growth and expansion opportunities in its existing markets as well as seek acquisition opportunities in markets it currently does not serve.

‘We are excited about the opportunity to partner with Rock Hill given their experience in the waste industry. They have a proven track record of helping companies continue the growth and expansion of their businesses,’ says Charles A. Wilcox, the chairman and chief executive of SouthWaste.

‘We look forward to working with Chuck and the rest of the management team of SouthWaste and to assisting in the execution of the company’s growth plan," says Randall B. Hale, managing director of Rock Hill. ‘SouthWaste has already established a leading market position over the last several years, and we’re excited about participating in its continued success.’

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