Business Debt Financing
Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce a successful $14 million debt financing for Colorado-based Alpine Waste & Recycling (www.alpinewaste.com) with Alcentra Capital Corporation (www.alcentra.com). This additional capital will enable Colorado’s leading independent hauling company to accelerate its growth and continue to upgrade and maintain an industry-leading equipment fleet. Alpine is the largest privately held commercial waste, recycling and compost collection company in Colorado and has received numerous accolades from the local community including being named the state’s most outstanding business for its recycling/diversion program (Altogether Recycling™) by the Colorado Association for Recycling in 2009, the state’s Top Company (Service Category) by ColoradoBiz Magazine in 2008, a Top Company Finalist by ColoradoBiz Magazine in 2012 and a Colorado Company to Watch in 2010.
“John, Alek and their team have built a great company based on providing a superior level of service. Alpine is the leader in Colorado in enabling their customers to divert waste and pursue green corporate initiatives. It was exciting for us to be a small part of the Alpine story and to help them locate capital for their continued rapid growth. Alpine’s success means more customers will be diverting waste, which is good for all of us in Colorado,” said Chris Younger, Managing Director for Class VI Partners.
Business Growth Recapitalization
Founded in 1999 as a single-truck operation, Alpine has parlayed a customer-service and sustainability focus into a company that now manages more than 80 trucks and 200 employees and annually handles more than 300,000 tons of waste and recyclable materials.
“From top to bottom, Class VI displayed a remarkable understanding of Alpine’s business while representing us in our recent growth recapitalization, a tribute to their intelligence, experience, and diligence. We conveyed to them our criteria for an ideal match in a capital partner and they ran a wonderfully competitive process closely aligned with those goals that gave us multiple first-class options. They guided negotiations with a steady hand, ultimately leading to a robust financing partnership with Alcentra Capital. In addition, Class VI really complemented our in-house finance capabilities and their team provided us with as much support as we desired along the way, allowing us to stay focused on running the business during the process,” said Alek Orloff, CFO of Alpine.
About Alcentra Capital Corporation
Alcentra is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940.
Alcentra’s investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra’s investment activities are managed by its investment adviser, Alcentra NY, LLC.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Alek Orloff, CFO of Alpine, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Alek Orloff may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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