Investment Summary

Summer Street Capital Partners and Concentric Equity Partners Invest In Coastal Waste & Recycling

On October 24, 2018, private equity firms Summer Street Capital Partners and Concentric Equity Partners invested in environmental company Coastal Waste & Recycling

Investment Highlights
  • This is Summer Street Capital Partners’ 4th and Concentric Equity Partners’ 2nd transaction in the Environmental sector.
  • This is Summer Street Capital Partners’ 21st and Concentric Equity Partners’ 25th transaction in the United States.
  • This is Summer Street Capital Partners’ 1st and Concentric Equity Partners’ 5th transaction in Florida.
Investment Fate
  • Coastal Waste & Recycling was recapitalized in 2023.

Investment Summary

Date 2018-10-24
Target Coastal Waste & Recycling
Sector Environmental
Investor(s) Summer Street Capital Partners
Concentric Equity Partners
Deal Type Growth Capital

Target

Coastal Waste & Recycling

Boca Raton, Florida, United States
Coastal Waste & Recycling is a provider of solid waste collection, processing, and disposal services. Coastal Waste & Recycling was founded in 2017 and is based in Boca Raton, Florida.

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Investor(S) 2

Investor

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 22 of 23
Sector: Environmental M&A 4 of 5
Type: Growth Capital M&A Deals 3 of 3
State: Florida M&A 1 of 1
Country: United States M&A 21 of 22
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Dwellworks

Cleveland, Ohio, United States

Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Apple Valley Waste

Kearneysville, West Virginia, United States

Apple Valley Waste, Inc. is a solid waste company that offers collection, processing, disposal, and recycling services throughout the Mid-Atlantic region. Apple Valley services residential and commercial customers in West Virginia under certificates of necessity issued by the Public Service Commission of West Virginia and provides residential and commercial waste collection services in large metropolitan areas such as Baltimore, Washington, D.C., and Southern Pennsylvania.

Sell -
Investor

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.


DEAL STATS #
Overall 25 of 42
Sector: Environmental M&A 2 of 3
Type: Growth Capital M&A Deals 5 of 9
State: Florida M&A 5 of 7
Country: United States M&A 25 of 40
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Supplies Wholesalers

Reno, Nevada, United States

Supplies Wholesalers is a distributor of compatible imaging supplies and accessories, including laser printer toner cartridges, ink cartridges, toner, copier toner, ribbon, and thermal fax consumables. Supplies Wholesalers was founded in 2009 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Colonial Claims

Dunedin, Florida, United States

Colonial Claims services all types of property and liability claims nationwide, including Wind, Fire, Hail, Flood, Tornado, and Earthquake for Residential and Commercial properties. Colonial Claims provides both field and desk adjusting resources, as well as appraisals, dispute resolution services, mediation and arbitration services, litigation and alternative defense services, and TPA services to many of the largest carriers in the U.S. Colonial Claims was founded in 1982 and is based in Dunedin, Florida.

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