Pittsburgh, PA (August 21, 2024) – Tecum Capital (“Tecum”) is excited to announce its investment in Long Island Waste Services (“LIWS” or “The Company”). LIWS is a vertically integrated solid waste hauling company servicing commercial, residential, and industrial customers. Founded in 2020, LIWS’ comprehensive services encompass efficient waste collection, state-of-the-art transfer stations, materials recovery facility and environmentally responsible disposal. LIWS specializes in materials processing and commodities recycling where various recyclables such as cardboard, paper, metals and construction materials are recovered for resale or alternatives applications.
Tecum along with Patriot Capital supported a recapitalization led by Terramont Infrastructure Partners, partnering with the founders and management team. Dickson Suit of Environmental Services Investors served as an advisor for LIWS, and Comerica provided senior debt financing for the transaction.
LIWS has a strong and experienced management team, led by Anthony Avellino, President and CEO, who has been instrumental in the Company’s huge growth and expansion over the last three and a half years achieved through the acquisition of several waste management service companies as well as the expansion of the Company’s service capabilities. Anthony Avellino commented, “We have invested significant capital into the LIWS platform, and the Company is now well positioned for continued growth.”
Matt Harnett, Partner at Tecum stated, “We’re extremely excited to be backing the LIWS team through its next phase of growth”. Husnain Safdar, Senior Vice President at Tecum added, “The business has compelling fundamentals with great company culture and market reputation. We’re excited about our partnership with management and Terramont and further building upon Tecum’s experience investing in waste and environmental service businesses”.
Matt Harnett, Husnain Safdar, and Carter Henderson led the investment at Tecum.
About Long Island Waste Services
LIWS, a locally owned and operated waste management company located on Long Island, NY, provides solid waste solutions to commercial, residential, and industrial customers. LIWS values the significance of its local presence and takes pride in actively contributing to the communities where its employees work, live, and raise families. Its management considers it a privilege to foster a community-first waste and recycling model, striving collectively to create a better and more sustainable future. For more information, please visit www.liwasteservices.com.
About Tecum Capital
Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader environmental/industrial services, high-value manufacturing, value-added distribution, and business services sectors. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages two Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners III, L.P, a $305 million fund launched in September 2021. Since 2006, the team has collectively invested more than $1 billion in over 160 platforms and add-on acquisitions. For more information, please visit www.tecum.com.