M&A Deal Summary

Summer Street Capital Partners and Ironwood Capital Acquire Curtis Bay Medical Waste Services

On March 30, 2012, private equity firm Summer Street Capital Partners and growth capital firm Ironwood Capital acquired environmental company Curtis Bay Medical Waste Services

Acquisition Highlights
  • This is Summer Street Capital Partners’ 3rd and Ironwood Capital’s 3rd transaction in the Environmental sector.
  • This is Summer Street Capital Partners’ 14th and Ironwood Capital’s 31st transaction in the United States.
  • This is Summer Street Capital Partners’ 1st and Ironwood Capital’s 1st transaction in Maryland.
Investment Fate
  • Curtis Bay Medical Waste Services was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2012-03-30
Target Curtis Bay Medical Waste Services
Sector Environmental
Buyer(s) Summer Street Capital Partners
Ironwood Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Curtis Bay Medical Waste Services

Baltimore, Maryland, United States
Curtis Bay Medical Waste Services provides comprehensive medical waste solutions including collection, transfer, transportation, recycling, waste reduction, sharps management, disposal, and consulting services to hospitals, medical offices, pharmacies and other healthcare providers. Curtis Bay Medical Waste Services was founded in 1988 and is based in Baltimore, Maryland.

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Buyer(S) 2

Buyer

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 15 of 23
Sector (Environmental) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Maryland) 1 of 1
Country (United States) 14 of 22
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-05 Tulsa Welding School

Tulsa, Oklahoma, United States

Tulsa Welding School, the largest accredited welding school in the United States. The school offers educational diploma programs in structural welding and welding technology through two campuses located in Tulsa, OK and Jacksonville, FL.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 New England Orthotic and Prosthetic Systems

Branford, Connecticut, United States

New England Orthotic and Prosthetic Systems LLC is a provider of orthotic & prosthetic patient care products and services through 31 branch operations across Connecticut, New York, Massachusetts, and Rhode Island.

Buy -
Buyer

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 31 of 93
Sector (Environmental) 3 of 11
Type (Buyout (LBO, MBO, MBI)) 15 of 28
State (Maryland) 1 of 2
Country (United States) 31 of 93
Year (2012) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 Genesis Technology Solutions

Ridgefield, Connecticut, United States

Genesis Technology Solutions, Inc. (Genesis Solutions Holdings) is an outsourced business service provider specializing in engineering consulting focused on manufacturing maintenance systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 City Carting Holding

Stamford, Connecticut, United States

City Carting Holding Co., Inc. is a provider of waste management and recycling services.

Sell -