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)

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)

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.

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.

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.

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.

Laurel Mountain was the sponsor. PNC provided the equity for 33% ownership, with Laurel owning the remaining 67%. Laurel acquired and developed 26 solid waste businesses and 2 landfills, building a fully integrated solid waste company in IL and IN. Laurel started with an agreement with Norfolk Southern to build a transloading facility in S. Chicago to rail waste to Litchfield/Hillsboro Landfill, Litchfield ILL. Laurel subsequently purchased the landfill and the contiguous parcels, a hauling company and transfer station 30 miles south of the landfill, two other landfills, a dozen companies in Chicago, East Indiana and in Southern Illinois, and developed a 2,000 tons per day transfer station outside of Chicago. Laurel exited the investment through a sale to Allied Waste.