Go to deals
Business Support Services | Private Equity

Prospect Partners portfolio company Waste Harmonics has been acquired by Arcapita Group

Waste Harmonics Holdings, LLC (Waste Harmonics), a portfolio company of Prospect Partners, a Chicago-based private equity firm, has been sold to Arcapita Group, a global investment firm.

Founded in 2001, Waste Harmonics delivers a comprehensive suite of recurring managed waste solutions, including consolidated waste collection and coordination, recycling and sustainability optimization, remote equipment monitoring, smart equipment rental, compliance reporting and waste stream auditing. The company is a trusted facility services partner for nearly 100 blue chip customers in the c-store and petroleum, freight and logistics, grocery, retail, hospitality, QSR and entertainment markets.

Arcapita Group, founded in 1997, is an originator of investments in private equity and real estate assets which comply with Sharia principles. Headquartered in Manama, Bahrain, Arcapita also has offices in Atlanta, London, and Singapore. The firm serves a group of investors in the Middle East region and Southeast Asia.

Prospect Partners is a private equity firm investing in smaller lower-middle-market companies, managing US$470 million across three funds. A highly experienced and active investor, Prospect Partners focuses exclusively on management-led leveraged recapitalizations and acquisitions of niche market leaders with revenues typically under US$75 million. Since 1998, Prospect Partners has completed more than 130 transactions, investing opportunistically nationwide in companies in widely diverse niche manufacturing, distribution and specialty service markets.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Waste Harmonics Holdings, LLC, a portfolio company of Prospect Partners.

Parties
“From the start, the team proved to be a thoughtful, dedicated and determined advisor to me, my leadership team and our financial sponsors. At every turn, their experience and expertise spanning the waste, facilities services, tech-enabled services and rental sectors was evident…and uniquely valuable. We are extremely pleased with our outcome and the process that was executed to get us to the finish line, and I am very much looking forward to continuing the relationship with them in the future.”

Michael Hess

CEO, Waste Harmonics Holdings, LLC

Talk to the deal team

 Jarrad  Zalkin

Jarrad Zalkin

Managing Director
Boston, United States
Oaklins TM Capital
 Kevin  Atchue

Kevin Atchue

Principal
Boston, United States
Oaklins TM Capital
 David M. Felts

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital

Related deals

Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more
Global IT Group has joined forces with enthus Group
Private Equity | TMT

Global IT Group has joined forces with enthus Group

Global IT Group, an IT services company, and enthus Group GmbH, an IT solution provider operating in Germany, Austria and Switzerland, have joined forces. As a result, enthus Group will significantly expand its market position in Switzerland. The sellers of Global IT have reinvested in the buyer and will ensure that local management continues to run the company as part of the succession planning.

Learn more