Strategic Capital
Flexible Capital to Serve Your Business
We are a family owned and operated investment firm dedicated to supporting our partners with flexible capital and financing in the form of senior subordinated debt and minority equity. Our deep-seated understanding of the environmental industry sets us apart from others as true strategic partners.
In 2024, Jeff Kendall and Dickson Suit, veteran investors in the environmental services industry, together with Peter Kendall, formed Laurel Mountain Capital
an investment fund focused on providing junior capital (primarily in the form of senior subordinated debt and minority equity) to privately held environmental services companies.
With over 60 years of combined experience, Jeff and Dickson have invested in, acquired, developed, operated, and sold more than 100 companies in the environmental services sector. Jeff has an extensive track record as an independent sponsor working with business owners to execute M&A and growth strategies, leading to successful exits. Dickson compliments Jeff’s skillset by bringing an institutional focus to the team, with a track record of sixteen investments in the environmental services sector utilizing a subordinated debt and minority equity strategy. Together, we bring a highly personal, differentiated, and strategic approach to providing environmental services owners and businesses with flexible capital needs.
Why Partner with Us?
Longevity
Our foundation is built on a multi-decade spanning track record of succesful investing, operating, and partnering in the environmental services space.
Flexibility
Our strategy enables creatively structured investments that meet the capital needs of a wide range of opportunities.
Relationships
Our unparalleled network in the environmental and financial services industries adds significant value to each investment we make.
Efficiency
We are a nimble team that moves quickly and executes reliably.
Businesses we invest in provide services such as:
Municipal Solid Waste and Construction & Demolition (C&D) Waste Hauling
Transfer & Landfill Operations
Recycling & Material Recovery (Residential, Commercial, C&D)
Organics & Compost Processing and Hauling
Portable Toilet, Septic Services
Waste water removal
Waste Brokerage & Intermediary Services
How We Invest
Company Characteristics we look for
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- Committed, quality incumbent senior management
- Stable free cash flow generation
- Steady historical growth & potential for future growth
- Diverse customer base
- Favorable market dynamics
- Positioned to positively contribute to the sustainability of its local community
Transaction Types
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- Minority Recapitalization
- Acquisition and Growth Capital
- Family Wealth Transfer
- Succession Planning
- Financing for Private Equity or Independent Sponsor Buyout
- Management Buyout
Investment Criteria
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- Revenue: $10+ M (will consider less on a selected basis)
- EBITDA: $3+ M
- Security: Senior Subordinated Notes and minority equity
- Average Hold Period: 3-5 years
- Geography: Continental US
Our History Speaks for Itself
A long successful track record in the environmental industry
Broad Industry & Financial Relationships
