Amberjack Capital Partners, a private equity investment firm focused on building market leaders across the industrial, infrastructure and environmental sectors, announced the successful exit of its investment in Best Trash, LLC. Financial terms of the transaction were not disclosed. Headquartered in Richmond, Texas, Best Trash is a market-leading municipal solid waste platform serving the residential waste and recycling collection needs of high-growth markets in the greater Houston metro region. Best Trash鈥檚 core customers include municipal utility districts, homeowner associations, selected cities and individual residences.
Amberjack partnered with the founders and management team of Best Trash in 2021 with the goal of building the leading residential solid waste and recycling platform serving the rapidly growing Houston metro region. During the course of Amberjack鈥檚 partnership with Best Trash, the Company significantly expanded its operating area and customer base and now provides its best-in-class service to over 450,000 homes.
Patrick Connelly, Managing Partner at Amberjack, said, 鈥淎mberjack is honored to have supported the Company during transformative years of growth and our team is incredibly proud of the Best Trash team for building a market-leading business. Critical to the success of our partnership was the development and execution of a range of strategic initiatives, including the implementation of a digital maintenance program and customer relationship management system, as well as the execution of an accretive acquisition. We are grateful to the Company鈥檚 founders, our partners, and commend the management team for their stewardship of the business. We look forward to great future outcomes for Best Trash and its management team.鈥�
Mark Moderski, CEO of Best Trash, commented, 鈥淎mberjack was a thoughtful and value-added partner to Best Trash as we scaled the business rapidly over the past three years. Amberjack鈥檚 experience working with companies of our size and stage of development was valuable as we undertook significant growth initiatives. Best Trash has a sound foundation for the future to meet the needs of our growing customer base with the highest service levels.鈥�