Roark Capital invests $100 million in Waste Pro USA
Roark Capital Group, an Atlanta-based private equity
firm, announced that its affiliate has made a $100 million
equity investment in Waste Pro USA, Inc., headquartered
in Longwood, Florida.
Founded in 2001, Waste Pro provides solid waste collection,
disposal and recycling services to more than 825,000
residential and 32,000 commercial customers in the Southeast
and has over 80 exclusive municipal franchise contracts
in Florida, Georgia, South Carolina and Alabama.
In connection with the transaction, Keenan has joined
the Waste Pro USA, Inc. board of directors. Keenan co-founded
and served as chairman of IESI Corporation from 1996
to 2005. IESI grew from a small Texas based start-up
operation into one of the largest vertically integrated
solid waste management companies in the United States.
IESI was sold to BFI Canada in 2005 for $1.1 billion.