Capstone Partners served as exclusive financial advisor to K.R.
Drenth Trucking, Inc., one of the nation’s leading long-haul waste transportation services providers, in connection with a financing of the Company’s existing credit facilities.
Established in 1986, KRD transports municipal solid waste, landfill leachate and various other materials throughout the U.S.
Capstone Partners orchestrated a competitive process soliciting proposals from multiple parties and arranging a tailored solution enabling the Company to implement its growth strategy.
KRD ultimately completed a recapitalization with White Oak Global Advisors, a middle market lender based in San Francisco with over $1.1 billion in direct investments under management.
KRD Trucking is a portfolio company of Hammond, Kennedy, Whitney & Co., Inc.
Capstone Partners has had a relationship with HKW spanning over 25 years and has now completed nine transactions with HKW and its affiliates.
We hired [Capstone Partners] to assist our portfolio company, KRD Trucking, through a complex financing. [Capstone Partners] was an instrumental member of our team and worked closely with us and management to develop a compelling investment thesis and business plan. [Capstone Partners’] breadth of relationships maximized potential options for KRD and their active, persistent management of all phases of this multifaceted process led to a very successful outcome. HKW has worked with [Capstone Partners] for over 25 years and we value the experience, focus, commitment and senior attention that [Capstone Partners] brings to bear.
