CHICAGO and CLEVELAND, April 3, 2017 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Charter Waste Management, Inc. d/b/a RiverRoad Waste Solutions (RiverRoad), formerly owned by Charterhouse Equity Partners, to Navesink Management Investments, LLC (NMI), an entity formed through a management buyout led by Kris Bunnell, CEO of RiverRoad and Managing Partner of NMI. BGL's Environmental & Industrial Services team served as the financial advisor to RiverRoad in the transaction. The specific terms of the transaction were not disclosed.
RiverRoad is a leading asset-light, technology-enabled provider of outsourced waste, recycling, and sustainability solutions. The company services over 18,000 locations across the U.S. for its broad group of geographically diverse, multi-location retail, commercial, distribution, restaurant, and hospitality customers. RiverRoad's 1,500+ hauler and vendor network, proprietary technology, and expertise across waste streams and end-markets allow it to provide single-source waste solutions on a national scale. RiverRoad complements its core services with value added offerings including site audits, waste characterization, sustainability reporting, and environmental compliance.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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