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07/14/2021 | Announcement

Ironwood Capital Exits Waste Container and Disposal Service Provider Pete & Pete/Boyas Excavating

AVON, CONNECTICUT, July 14, 2021 – Ironwood Capital is pleased to announce an exit from its investment in Pete & Pete Container Services, Inc. and Boyas Excavating Inc. (“Pete & Pete/Boyas”). Pete & Pete/Boyas is the largest privately-held integrated waste management company in the Cleveland, Ohio region.

“Ironwood partnered with Pete & Pete in 2019 in connection with its acquisition of Boyas, the largest privately held C&D landfill in northeast Ohio, and the combined business has expanded dramatically since, even amid Covid,” noted Dickson Suit, partner and head of the Environmental Services group at Ironwood Capital. “Pete and Lisa, the principals, and their team, have done an absolutely amazing job executing the strategic plan and it’s been great to work with them.”

“We are very appreciative of Ironwood stepping in two years ago to assist with the acquisition of Boyas Excavating. That acquisition was pivotal and a game-changer for us, allowing us to move to the next level in terms of new service offerings, including disposal and aggregate sales,” shared Peter Jr. and Lisa Ristagno, co-owners of Pete & Pete/Boyas.

About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Its debt-oriented, national platform has invested more than $900 million in over 95 companies since 2001. Ironwood currently invests in the form of subordinated debt and minority equity in amounts ranging from $8 million to $25 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 Pete & Pete and Boyas Excavating
Pete & Pete/Boyas is the largest privately-held integrated waste management company in the Cleveland, Ohio region. It provides construction and demolition, roll-off containers, municipal solid waste, front load containers and recycling services to residential, commercial and industrial customers, throughout Northeast Ohio. For more information, please visit www.peteandpeteinc.com

Contact:
Carolyn C. Galiette
Partner, President
Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com

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