The Atlanta-based private equity firm Roark Capital Group has made a $100 million investment in Longwood, Fla.-based Waste Pro USA Inc.
“Waste Pro has an outstanding reputation for delivering high quality service to its municipal, residential and commercial customers,” said Roark Capital Group President Jeffrey J. Keenan in a press release. “We are thrilled to be partnering with [Waste Pro Chairman and CEO] John Jennings and his management team and look forward to supporting the company's growth initiatives.”
“We keep abreast of new technology to procure the best equipment, but more importantly, we strive to attract the best people,” added Jennings in the press release. “We believe Jeffrey Keenan and Roark Capital display the intelligence, integrity and industry experience to help us accomplish that goal.”
Keenan has joined Waste Pro's Board of Directors. He served as chairman of IESI Corp.'s Board of Directors from 1996 to 2005, when the Fort Worth, Texas-based solid waste management firm was sold to Toronto-based BFI Canada (now IESI-BFC Ltd.) for $1.1 billion.
Waste Pro provides collection, disposal and recycling services to more than 825,000 residential customers and 32,000 commercial customers in the southeast United States.