Investment Firm Starts Relationship with Waste with $30 Million for Oakleaf

Lynn Schenkman

New York — The Charterhouse Group, a private equity firm, has completed an initial equity investment of more than $30 million in Oakleaf Waste Management Inc., East Hartford, Conn. Representatives from Charterhouse say the investment will be beneficial because the waste-services market presents opportunities for future acquisitions because of its fragmented nature. Oakleaf serves more than 70,000 locations and is approaching revenues of more than $200 million, according to the company. Paul Verrochi, one of Charterhouse Group’s principals, will serve as Oakleaf’s chairman of the board.