Infra

H.I.G. Infrastructure Completes Acquisition of Best Trash

Published

4 months ago

July 11, 2024

Admin

NEW YORK — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Best Trash, LLC (“Best Trash” or the “Company”).

Headquartered in Richmond, TX, Best Trash is a market leading municipal solid waste platform serving the residential waste collection needs of select markets in Texas including the Greater Houston Area (“GHA”). Best Trash services utility districts, municipalities, homeowner associations, and individual residences.

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Mark Moderski, Chief Executive Officer of Best Trash, commented, “We are thrilled to partner with H.I.G. and leverage their significant experience and resources as we enter this next phase of growth. Best Trash has built its brand providing exceptional service to its customers, and we look forward to continuing to serve the communities in which we operate.”

Miriam Rafiqi, Managing Director at H.I.G. Infrastructure, added, “We are excited about the opportunity to partner with Mark and his outstanding management team in the Company’s next stage of growth. Best Trash provides essential and recurring services under long-term contracts and has a reputation for prioritizing reliable and consistent customer service, which will continue to drive growth in the business. We look forward to supporting management’s continued growth initiatives.”

Stifel, Nicolaus and Company, Inc. acted as financial advisor and Ropes & Gray LLP served as legal counsel to H.I.G. Raymond James & Associates, Inc. acted as financial advisor and White & Case LLP served as legal counsel to Best Trash.

About Best Trash

Founded in 2009, Best Trash is a premier and trusted waste collection platform providing non-discretionary, best-in-class service to over 450,000 homes across more than 350 contracts. Best Trash delivers full-suite rear-load residential refuse collection.

Best Trash has a stellar reputation for quality and safety, resulting in industry leading customer retention. The Company’s long-term contracts provide significant revenue visibility, and when paired with Best Trash’s long-term disposal contracts, generate attractive, and stable margins. For more information, visit best-trash.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

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Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.