Date: January 27, 2010
Source: Rock Hill Capital Group, LLC
SouthWaste Services Announces Acquisition of Central Florida Processing Facility
SouthWaste Services, LLC ("SouthWaste"), a portfolio company of Rock Hill Capital ("Rock Hill"), today announced its acquisition of a waste processing facility in central Florida. This fully permitted municipal liquid waste stabilization process site has a current permit capacity of 15.3 million gallons of waste material per year. The terms of the transaction were not disclosed.
"Securing a processing facility in Florida was one of our top five strategic priorities outlined nearly two years ago. This acquisition will allow SouthWaste to better serve the Florida and southeastern United States markets and will enable the company to continue to expand its market presence," stated Charles A. Wilcox, Chairman and CEO of SouthWaste. The permitted entity, Central Florida Disposal Interests, is located near Orlando, Florida where SouthWaste maintains a liquid waste collection operation.
"This acquisition was a nice strategic complement to our existing business," stated Randall B. Hale, Founder and Managing Director of Rock Hill Capital. Mr. Hale added "SouthWaste will continue to seek growth and expansion opportunities that fit its strategic goals and objectives." SouthWaste continues to explore growth and expansion opportunities throughout the southern United States.
About SouthWaste Services
SouthWaste, headquartered in Houston, TX, is a leading provider of non-hazardous liquid waste collection, processing and disposal services. SouthWaste was founded in 2005 by a group of private investors. The company has since completed nine acquisitions and extended its operations to include facilities in Texas - Houston, Dallas-Ft. Worth, Austin, San Antonio, Lubbock; Orlando, Florida and Atlanta, Georgia. Typical waste streams handled by SouthWaste include grease, grit, wastewater, sewage, sludge and leachate.
About Rock Hill Capital Group
Founded in 2008, Rock Hill Capital Group, LLC (www.rockhillcap.com) is a private equity fund that seeks to make equity investments in small to middle-market companies, defined as businesses with an enterprise value of less than $75 million located primarily in the Southern United States. Rock Hill intends to partner with strong entrepreneurial managers who are in need of patient capital and management expertise to assist them in the continued expansion and growth of their business. Rock Hill's team of investment professionals is uniquely qualified to assist management at various stages of the growth cycle in achieving their strategic goals and objectives. Currently, Rock Hill has $50 million of committed capital under management through Rock Hill Capital I, L.P. Current portfolio companies include SouthWaste Holdings, LLC (www.southwaste.com) and Integrated AV Holdings, LLC d/b/a CCS Presentation Systems (www.ccsprojects.com).
For Rock Hill Capital Group, LLC
Courtney Ray, 713-721-4774