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A Family of Partnerships

Partnership Timeframe
15 Years across three partnerships
Revenue Growth
207%
EBITDA Growth
170%
Employee Growth
60%
Multiple of Invested Capital
4.0X

Family-owned Business with Deep Industry Experience

As the name suggests, the company is a family business with a deep history in the waste management industry and a commitment to recycling and exceptional service. During the 1990’s and 2000’s, the family successfully built the largest solid waste management company on Long Island, New York.

Joining the Family Across Multiple Businesses

In 2006, the Winters family was looking for equity capital to support the next phase of growth in his business on Long Island. It was important that the family retain majority control and Clairvest was chosen as a partner because of our experience as constructive minority investors. Together, we aggressively grew the company to become the number one player on Long Island and successfully sold in 2007 to a strategic buyer for a significant return on capital.

Several years later, Joe and Sean Winters opportunistically acquired a struggling solid waste business in Connecticut and, after turning around its operations, invited Clairvest to partner again to help grow that business.

In 2013, Clairvest became a non-control equity partner. The company made numerous acquisitions and permitted & built two recycling facilities during our investment partnership.

In 2015 the Winters family had an opportunity to buy back the Long Island assets which were sold in 2007 and return to their home market. Once again, the Winters family and Clairvest worked together to consummate the acquisition of these assets with an US$28 million investment from Clairvest for a minority stake of 47% of the Long Island business.

“Partnering with Clairvest in 2006 was an important step in growing our family company and selling it successfully. We partnered with them for the second time because we trust them and know that they will work alongside us to help achieve our goals once again.” Joe Winters, CEO

Next Chapter

Since 2015, Winters Bros. Waste Systems of Long Island completed eight strategic acquisitions and materially improved operations across all lines of business. The company is now known as a thriving enterprise with an excellent reputation, first rate equipment, superior safety standards and strong financial performance. It is actively advancing several highly strategic initiatives that will position the company as a clear market leader and one of the leading privately-owned solid waste management companies in the United States.


Partnership Timeframe
15 Years across three partnerships
Revenue Growth
207%
EBITDA Growth
170%
Employee Growth
60%
Multiple of Invested Capital
4.0X
Add-on Acquisitions
5