JWI Capital invests in Weaver Express
JWI Capital, LLC, a Cleveland, Ohio-based investment firm, completed a controlling equity investment in Weaver Express Blower Services, LLC. Weaver Express, based in Sugarcreek, Ohio, is an installer and manufacturer of compost-based filter socks and other compost-based products for erosion and sediment control applications.
Weaver’s compost-based filter sock products and services primarily focus on eliminating or minimizing sediment run-off from construction sites. Weaver also provides other environmental services such as stream bank restoration, and steep slope stabilization by utilizing green bio-engineered technology.
Weaver Express was founded in 2000 by Kevin and Keith Weaver, who have retained an ownership position in the business and will continue to work for the company on a full-time basis.
Weaver Express is very active in the entire Marcellus and Utica shale areas, currently operating installation crews from two regional facilities – Sugarcreek, Ohio, and Burgettstown, Pennsylvania, along with a distribution center in Lock Haven, Pennsylvania. Weaver Express also manufactures and distributes pre-filled filter socks on pallets primarily in Pennsylvania, Ohio and West Virginia.
Aldine Capital Partners, LP, a Chicago-based mezzanine debt fund, provided mezzanine capital and an equity co-investment to support the investment and provide additional capital for expansion of the business.