In 2021, Jeff invested in Boston Carting and served as Chairman of the Board of Directors until it was recently sold to Clairvest, a private equity firm in Toronto. Jeff still holds shares in the business and continues to serve on its board.
Our Portfolio
Investments & Consolidations
Active Investments
Telluride Waste Services (Bruin Waste)
In 2021, Jeff purchased the solid waste hauling and disposal assets of Bruin Waste Management and the Broad Canyon landfill on the western slope of Colorado. Since the initial acquisition by Telluride Waste Services, the company has purchased and tucked in five additional businesses and is collecting waste from Grand Junction to Pagosa Springs. Today, the business continues to grow both organically and through acquisitions.
Hainesport Transportation Group (HTG)
Laurel Mountain recently teamed up with Daryl Caplan and Todd Sage of HTG, Tecum Capital, and a group of private investors led by Dickson Suit (formerly Ironwood Capital) to seed the next stage of growth for HTG. Hainesport Transportation Group, LLC (“HTG” or the “Company”) is a vertically integrated solid waste management company operating a Construction & Demotions (C&D) hauling business, a rail-served transfer station (with railcars switching) in Southern New Jersey, a landfill in Toledo, Ohio, and an asset-lite waste logistics operations.
Prior Investments & Consolidations
Liberty Tire Recycling
Sold: 2015
Location: Throughout US and Canada
Started as part of LWS III, Laurel took the business over solely in 2002, acquired a few additional companies and then in 2004 partnered with a private equity firm, Park Avenue Associates. Over the course of the next four years we acquired more than two dozen companies and then sold the business to American Securities Capital late in 2008. By 2012, the company grew from about $120m to more than $330m revenue with 2000 employees at 30 plants processing approximately 140 million tires annually. Liberty Tire processes about 40% of North America’s scrap tires. Laurel sold its interests in early 2015.
Liberty Waste IV
Sold: 2007
Locations: New York, New Jersey, and Ohio
Liberty Waste IV was a $100m+ development in Eastern Ohio and South Kearney, New Jersey. It included the construction and operation of a large MSW landfill in Eastern Ohio and rail facilities servicing it. It also included the development of a new rail transloading facility, the acquisition of a short line railroad and all the accompanying rail cars and containers. Within a year of completion of the construction of both the landfill and transloading facilities, Liberty secured more than 5000 tons per day of solid waste that was shipped daily on a dedicated Norfolk Southern unit train from to NJ to be disposed of at the landfill in Ohio. This company was sold to a private equity firm.
Liberty Waste III
Sold: Partially in 2002—remainder foundation for Liberty Tire
Locations: North Carolina and Georgia
With PNC as our equity partner, Laurel acquired solid waste assets in Georgia and scrap tire companies in North Carolina. Ultimately, we sold the Georgia assets to Advanced Disposal and Waste Management and Laurel kept the two North Carolina scrap tire operations which became the foundation for Liberty Tire Recycling.
Liberty Waste II
Sold: 2001
Locations: Tennessee, Alabama, Mississippi, and Kentucky
LWS II was a joint venture with a public waste company, Waste Industries. During a two-year period we acquired and integrated more than a dozen solid waste companies and then sold the company to Waste Connections.
Lewis Clark Recycling & Disposal
Sold: 2019
Locations: Illinois, Iowa, and Nebraska
In 2016, a Laurel affiliate acquired a group of waste businesses that included landfills, hauling companies and transfer stations in Illinois, Iowa and Nebraska. Over the course of a couple of years, a number of additional companies were acquired, a transfer station was developed in Omaha and a large landfill was built out. This business, Lewis Clark Recycling and Disposal, was sold to Waste Connections in 2019. Ironwood Capital was an Equity investor. (Press Release)
Pro Disposal LLC
Sold: 2023
Location: Beaufort, SC
In 2020, Jeff, through a Laurel related entity and along with private investors, acquired a 50% interest in Pro Disposal LLC in Beaufort, SC. The business grew rapidly via acquisition of several keys assets as well as organically and it was successfully sold in 2023, three years later, to Coastal Waste Services, a Macquarie backed waste business. (Press Release)