Denver (2018) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce a merger between Alpine Holdings, Inc. (“Alpine”) and Waste Industries USA, LLC (“Waste Industries”). Class VI served as the exclusive investment bank to Alpine.
“We have had the good fortune of being able to work with John and Alek for several years and have been witness to not just their phenomenal growth, but their contribution to more environmentally aware waste management practices through innovation, persistence and customer service. It is remarkable what Alpine has been able to accomplish, from very humble beginnings to capturing accounts normally reserved for large, national players,” said Chris Younger, Managing Director for Class VI. “It has been our honor to sit alongside them for this most recent part of the Alpine journey, and I am excited to see that Alpine’s story of growth, innovation, and environmental awareness will continue with Waste Industries’ commitment to Alpine’s presence in the Colorado market.”
Alpine will become the new Waste Industries’ West Region with founder John Griffith serving as the company’s West Regional Vice President.
“When we made the decision to take Alpine to market, we knew it was critical to choose the right investment bank to help us navigate the process,” said John Griffith, President of Alpine Waste & Recycling. “There is no question we made the right decision in choosing Class VI. From the early stages of preparation, to cultivating the prospect list, choosing the best partner and handling the negotiation, to flawlessly managing the countless details of the agreement up to the close, Class VI was thorough, efficient, and tireless. To anyone seeking an advisor, you can’t go wrong with Class VI. I recommend them highly and without hesitation.”
Alpine is the leader in sustainability initiatives in the waste industry. The Company was the first in Denver to collect organics (compost materials), the first in Colorado to accept 3-7 plastics and aseptic and gable top (milk, juice, soup, etc.) cartons, and the only company in the market to accept Styrofoam® and mixed rigid plastics. Ven Poole, Chairman and CEO of Waste Industries said “We identified Alpine early on as a very high-quality company with a very familiar corporate culture focused on its customers, employees, and community. We look forward to helping Alpine expand its product offerings in Colorado while also bringing their expertise in sustainability to the Waste Industries platform. This merger represents a true win-win for all stakeholders.”
Founded in 1999 as Alpine Disposal, Alpine has grown from a one-man operation to the largest and only privately-owned, vertically integrated waste recycling services company in the state of Colorado. The Company operates over 115 collection vehicles, its Altogether Recycling® material recovery facility, a composting operation and East Regional Landfill, the only landfill owned by a private company in Colorado’s front range. In 2015, the Company made a significant investment in its Altogether Recycling® facility, which more than doubled its single-stream recycling capacity. The Company employs over 220 employees and has received numerous prestigious awards over the years as a result of its commitment to sustainability and innovation in the waste and recycling industry. For more information, please visit www.alpinewaste.com.
Founded in 1970, Waste Industries is a regional provider of non-hazardous solid waste collection, transfer, recycling, and disposal services. The company currently operates in North Carolina, South Carolina, Georgia, Tennessee, Virginia, Maryland, and Delaware and employs roughly 2500 people across the East Coast. For more information, please visit www.wasteindustries.com.
Alpine and Class VI are proud to announce that a portion of the transaction proceeds have been donated to Blue Star Recyclers (“Blue Star”), an award-winning 501(c)(3) social enterprise which offers recycling services for electronics and other materials to create local jobs for people with autism and other disabilities. Blue Star recently ran its multi-channel #1millionpoundsrecycled campaign throughout the state of Colorado and reached its goal to achieve one million pounds of recycled electronic materials. Blue Star is based in Denver, Colorado with additional locations in Colorado Springs and Boulder. To learn more about Blue Star, please visit its website (http://bluestarrecyclers.org) and watch its informational video, which outlines the organization’s mission and objectives.
The transaction was granted early termination of the waiting period under Hart-Scott-Rodino Antitrust Improvements Act of 1976 and closed on May 17, 2018. Wyrick Robbins served as legal counsel to Waste Industries. Berg Hill Greenleaf Ruscitti served as legal counsel to Alpine.
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.
John Griffith, President of Alpine Waste & Recycling, 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 John Griffith 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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