Coastal Waste & Recycling makes South Carolina acquisition

Boca Raton, Florida-based Coastal Waste & Recycling Inc. has acquired Ridgeland, South Carolina-based Pro Disposal USA LLC, which conducts waste and recycling operations in South Carolina and Georgia. Cleveland-based investment banking firm Brown Gibbons Lang & Co. (BGL) announced the transaction.

Pro Disposal was founded by Alex Cano in 2007 and offers residential collection, commercial front-load, grapple, roll-off, transfer, processing and disposal services.

Both waste companies have ties with equity funding. Coastal is a portfolio company of Macquarie Asset Management (MAM), an asset management arm of the Australian bank Macquarie Group Ltd. Pro Disposal, meanwhile, has received funding from Connecticut-based Ironwood Capital earlier this decade.

Coastal serves more than 450,000 customers in the southeastern United States, employing some 800 people and operating more than 425 collection and support vehicles. The company’s operations also include 18 facilities in Florida, Georgia and South Carolina, including two transfer stations and five material recovery facilities.

“The acquisition of Pro Disposal further expands Coastal’s footprint to multiple high-growth markets across the southeastern U.S.,” BGL says of the firm’s latest move.

BGL says Pro Disposal has benefited this decade from the Ironwood investment and the involvement of industry veterans Jeff Kendall, Dan Clark and Frank and Jerry Antonacci.

BGL's Environmental Services investment banking team served as the exclusive financial advisor to Pro Disposal in the transaction, the terms of which were not disclosed.