Rock Hill News & Portfolio News
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Rock Hill Capital Group Announces the Sale of SouthWaste Services
Houston, Texas (July 25, 2016) – Rock Hill Capital Group (“Rock Hill”) is pleased to announced the sale of SouthWaste Services Holdings, LLC (“SouthWaste” or the “Company”). The Buyer and the terms of the transaction are not being disclosed.
Founded in 2005, SouthWaste is a leading, vertically integrated environmental service firm providing non-hazardous waste collection, processing and disposal services across the Southern US. The Company provides grease trap and commercial septic waste collection, cleaning and maintenance services for over 4,600 customers across its footprint of five permitted processing and disposal facilities in Texas and Florida.
Rock Hill recapitalized SouthWaste in May 2009 and has worked alongside management since that time to build a new processing facility in Florida, exit under-performing business lines, expand the Company’s processing capabilities, bolster its customer base and offer new services to customers across the Company’s footprint.
“We enjoyed working with Dwayne Clarke and the management team of SouthWaste to create a best in class liquid waste Company,” said Randall B. Hale, Founder & Managing Director of Rock Hill.
“Rock Hill was a tremendous partner in providing the capital and support to achieve the improvement we’ve experienced over the last few years,” said Dwayne Clarke, CEO of SouthWaste.