Mangrove Equity Partners is pleased to announce the sale of Seaside Waste Services, a provider of solid waste hauling and disposal services to municipal and commercial customers within the New Jersey market, to Interstate Waste Services.
Working with industry veteran Kevin Schaffer, Mangrove supported Seaside in its transformation from two separate businesses with disparate operations and relatively lean organizations, to an integrated market leader with an impressive management team driving operational excellence in the mission-critical waste hauling industry. “I thoroughly enjoyed working with the team at Mangrove. Their experience, flexibility and support were instrumental in our shared success. I look forward to our business’ next chapter,” said Kevin Schaffer, President of Seaside Waste Services.
Mangrove brought its unique balance of transactional experience and operational depth to support Seaside’s continued expansion and service enhancement initiatives. Together, we:
- Recruited and hired an experienced President, Chief Financial Officer and other key team members;
- Implemented mission-critical processes and procedures, and fostered a culture of safety and disciplined operations;
- Preserved key customer relationships and maintained consistent operations through COVID related challenges that disproportionately impacted the industry;
- Made significant investments in fleet modernization; and
- Grew revenue and significantly expanded margins in a competitive landscape.
This successful partnership with Seaside demonstrates Mangrove’s commitment to building sustainable value through operational excellence, investments in growth and supporting our partners through challenging times. We continue to seek investment opportunities where our operationally focused approach can help management teams achieve their objectives
About Mangrove Equity Partners Mangrove Equity Partners strives to deliver uncommon value to those we partner and work with, including business owners, management teams and their employees and the intermediaries who help bring us together. We draw on our genuine and deep operational experience, extensive investment history, respect for people and culture and commitment to doing the right thing to help create positive outcomes for everyone involved.
Mangrove pursues investments in a broad range of industries, with a particular emphasis and past success in niche manufacturing, industrial and business-to-business services and enthusiast consumer products. We seek to invest in businesses headquartered in North America with EBITDA ranging from $3 million to $10 million and revenue ranging from $10 million to $100 million. For more information, please visit www.mangroveequity.com