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Ironwood Capital Announces Investment in Lewis Clark Recycling and Disposal, LLC

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AVON, CONNECTICUT, January 24, 2017 – Ironwood Capital is pleased to announce a subordinated debt and preferred equity investment in Lewis Clark Recycling and Disposal, LLC. Ironwood Capital partnered with sponsor Laurel Mountain Partners of Pittsburgh on this transaction.

Lewis Clark is a solid waste company headquartered in Harrisburg, Illinois providing non-hazardous solid waste collection and disposal services to the southern Illinois and greater Omaha markets. The company is led by Laurel Mountain Partners’ principal Jeff Kendall, who will serve as CEO, along with a deeply experienced senior management team with a track record of growing solid waste companies organically and through acquisition.

“Laurel Mountain Partners has a long history of building companies and developing assets. Their successful track record in environmental services combined with Ironwood’s deep experience in this area creates a dynamic partnership,” stated Carolyn Galiette, president and chief investment officer at Ironwood Capital.

“Lewis Clark has tremendous potential and we are excited to work with Laurel Mountain Partners to achieve the company’s objectives and create value,” noted Dickson Suit, Ironwood Capital managing director.

About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $600 million in over 100 companies over the past 15 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts.  For more information, please visit www.ironwoodcap.com.

About Lewis Clark/Laurel Mountain Partners
For the past 25 years, the principals of Laurel Mountain Partners have developed, acquired and operated numerous businesses in the environmental services industry. Laurel Mountain has successfully completed five consolidation plays in the sector, acquiring more than 100 companies and selling those businesses either to strategic or to financial acquirers. Laurel Mountain seeks opportunities to build companies starting with a platform acquisition and subsequently creating value via operational improvements and acquisitions. For more information, visit the company’s website at www.laurelmountain.com

Contacts
Carolyn C. Galiette
President and
Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com

Kathy Butler
Director of Marketing
and Communications
(860) 409-2117
butler@ironwoodcap.com

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