NEW YORK--(BUSINESS WIRE)--Post Capital Partners LLC today announced that it has been named a finalist in two categories in the M&A Advisor’s seventh annual International M&A Awards for its 2014 acquisition of the Puerto Rico division of Waste Management, Inc. (NYSE: WM). Now called EC Waste, the company is the leading waste management provider in Puerto Rico. EC Waste also has landfill and hauling operations in Alabama. The categories for the awards are Cross Border M&A Deal of the Year (over $50 mm - $100 mm) and Corporate/Strategic Acquisition of the Year (over $50 mm - $100 mm).
Post Capital worked closely with Randy Jensen, a 30-year veteran of the solid waste industry and now Chief Executive Officer of EC Waste, to identify and structure the transaction. This is another successful example of Post Capital’s “Executive-First” strategy, in which Post Capital partners with executives to source, execute and manage successful investments.
“We applaud the M&A Advisor’s selection of EC Waste as a finalist in these two categories,” said Michael Pfeffer, Managing Director of Post Capital. “This is not only a great example of how a private equity investment team found value in a corporate divestiture, it also demonstrates the incredible value of having a team member like Randy whose industry expertise and management strengths are critical elements in developing and implementing EC Waste’s growth strategy.”
Post Capital was introduced to EC Waste by Corporate Finance Associates, who sourced the deal on behalf of Post Capital as part of its proactive acquisition search with Randy Jensen. Winston & Strawn and Pietrantoni Méndez & Alvarez served as legal advisors to Post Capital, while Plante Moran provided Post Capital with accounting due diligence services. Banco Popular provided debt financing for the transaction.
The M&A Advisor, founded in 1998, is the preeminent organization recognizing excellence, honoring achievement, presenting thought leadership and facilitating connections among the world's leading dealmaking professionals. Award winners will be announced on April 28 at the annual awards dinner held in New York.
About Post Capital Partners
Post Capital Partners (www.postcp.com) is a private investment firm that makes both minority growth and control investments. Post Capital primarily employs an “Executive-First” deal sourcing and investment strategy in which it pursues “Executive-First” platform searches, management buyouts and growth capital investments. Based in New York City, Post Capital invests a committed capital fund with top-tier institutional and sophisticated private investors.