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The principals of Quarton Partners advised City Carting a recapitalization transaction.

Transaction

City Carting Holding Co., Inc. was recapitalized to fund organic and acquisition growth. The principals of Quarton Partners acted as exclusive financial advisor to City Carting in the structuring of the transaction.

Company

City Carting Holding Co., Inc., located in Stamford, Connecticut, engages in non-hazardous solid waste management services including collection, transfer and recycling. The Company maintains a leading position throughout its served market throughout southwestern Connecticut as well as New York’s Westchester County. Through its collection operations and eight transfer stations, the Company services more than 5,000 accounts and 20,000 ‘collection on delivery’ (C.O.D.) customers.

Buyer / Investor

Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. The Graycliff team has a proven history of success, having worked together for almost two decades as part of HSBC Capital. With offices in New York and São Paulo, Graycliff seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion. Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Over the past 15 years, it has invested $600 million in over 100 companies. It takes a straightforward approach in providing profitable, well-managed companies with growth and transition capital coupled with strategic, operational and financial guidance. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts.

Contact

profile

Kurt L. Haras

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