Rock Hill Capital Acquires SouthWaste Services

Rock Hill Capital Group, a Houston based private equity firm, has completed the acquisition and recapitalization of SouthWaste Services, Inc.

The transaction was financed with equity from Rock Hill Capital I, L.P. and existing SouthWaste shareholders along with debt refinancing from Macquarie Bank Limited and The 1818 SBIC Fund, L.P., a mezzanine fund managed by Brown Brothers Harriman.

SouthWaste, headquartered in Houston, Texas, provides non-hazardous liquid waste collection, processing, and disposal services. It was founded in 2005 by a group of private investors. The company has since completed eight acquisitions and extended its operations to include facilities in Houston, Dallas-Fort Worth, Austin, San Antonio, and Lubbock, Texas as well as Orlando, Fla., and Atlanta, Ga. Typical waste streams include grease, grit, wastewater, sewage, sludge, and leachate.

SouthWaste plans to continue to pursue growth and expansion opportunities in its existing markets as well as seek acquisition opportunities in markets it currently does not serve. "We are excited about the opportunity to partner with Rock Hill given their experience in the waste industry. They have a proven track record of helping companies continue the growth and expansion of their businesses," stated Charles A. Wilcox, chair and chief executive officer of SouthWaste.