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07/29/2022 | Announcement
Ironwood Capital Announces Subordinated Debt Investment in Pro Disposal USA LLC

AVON, CONNECTICUT – July 29, 2022 – Ironwood Capital is pleased to announce its investment in Pro Disposal USA LLC (“Pro Disposal”), a vertically integrated waste management service provider permitted to handle waste from initial collection, through its managed transfer station, to final disposal. The investment will support Pro Disposal’s acquisition of Carolina Containers of Beaufort and Barnwell Resources (“CCB”), a collection and hauling, transfer station and landfill business specializing in C&D waste.  

Founded in 2006 and headquartered in Ridgeland, South Carolina, Pro Disposal serves the Lowcountry region of South Carolina from Charleston to Hilton Head to Savannah, an area experiencing significant population growth contributing to high levels of demand for solid waste management. Pro Disposal offers residential collection, commercial front-load, grapple, roll off and disposal services.  

“We’re very excited about the acquisition of CCB, as it allows Pro Disposal to achieve full vertical integration and positions the company for future growth through geographic expansion and further penetration of the existing region,” stated Alex Cano, Pro Disposal President. “Alex is an excellent leader and he and his team have done a tremendous job executing on organic growth, facility expansion and M&A, laser-focused, transforming the company in just two short years since Laurel Mountain Partner’s investment,” added Jeff Kendall, CEO of Laurel Mountain Partners and Pro Disposal.  

“Since 1996, Comerica has financed several solid waste and environmental business acquisitions throughout North America with Jeff Kendall and Laurel Mountain Partners and are pleased that our partnership continues with this acquisition of CCB,” stated Joe Ursuy, Comerica Bank Executive Vice President & Department Manager – Environmental Services.  

“Ironwood has made numerous investments in environmental services companies backing proven managers and leaders and is thrilled to once again collaborate with Jeff and back Alex, who founded Pro Disposal in 2006 with only two roll-off containers and a single truck,” stated Dickson Suit, Ironwood Capital Partner. “This entrepreneur dynamic, coupled with strong regional market tailwinds in South Carolina and Georgia and an overlapping footprint with the acquisition, make this a highly accretive and exciting transaction.”  

About Ironwood Capital
Celebrating 20 Years of Middle Market Investing

Ironwood Capital provides non-control growth capital to middle market companies across the U.S. The Firm has invested more than $1 billion in over 100 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $30 million. Ironwood’s investments support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions, and buyouts.

For more information, please visit: ironwoodcap.com  

About Pro Disposal USA LLC
Pro Disposal is a vertically integrated waste management service provider permitted to handle waste from initial collection to final disposal. Founded in 2006, by Alex Cano, Pro Disposal LLC has grown into the largest independently owned waste hauling company in the area. Pro Disposal serves the Lowcountry region of South Carolina, offering residential collection, commercial front-load, grapple, roll-off, and disposal services.

For more information, please visit: prodisposalsc.com     

Media Contacts
Carolyn C. Galiette
Partner, President and 
Chief Investment Officer

Kimberly A. Craig
Vice President
Investment Operations