Clairvest Group backs Virginia waste collection company County Waste


US private equity firm Clairvest Group has invested $15m Virginia waste collection company County Waste.

Clairvest Group invested $4m off its balance sheet, with the remaining capital coming from Clairvest Equity Partners IV and Clairvest Equity Partners IV-A.

Scott Earl, CEO of County Waste, is Clairvest’s former partner at Hudson Valley Waste Holding – an investment Clairvest exited in 2011 that generated a two-times multiple of capital and an IRR of 88 per cent.

Michael Castellarin, managing director of Clairvest, said, “Our equity investment will support County Waste in pursuing growth opportunities and building a regionally dominant solid waste company.”

County Waste is Clairvest’s 39th platform investment and the eighth investment by CEP IV.

Copyright © 2013 AltAssets