Waste Harmonics Partners with New Private Equity Firm

ROCHESTER, N.Y., Jan. 13, 2020 —Waste Harmonics, Victor-based managed waste services provider, today announces that Arcapita, a leading global investment firm, has acquired a controlling interest in the company from Prospect Partners, LLC.

Waste Harmonics provides a comprehensive outsourced waste management consolidation service for companies and corporations with up to 5,000+ locations. As a managed waste service provider, Waste Harmonics works with diverse business clients across North America to deliver cost savings, consolidation of invoicing and communications, and recycling and sustainability strategies.

“Arcapita is the ideal partner for our business growth and expansion,” said Michael Hess, Chief Executive Officer, Waste Harmonics. “We have strong growth targets for the coming years and Arcapita’s expertise coupled with a strong leadership team will help us enhance our services in the facilities management sector to best meet clients’ needs.”

Arcapita is a global alternative investment manager, with offices in Bahrain, Atlanta, London and Singapore. Arcapita’s principal lines of business are private equity and real estate, and its management has a 20-year track record of over 80 investments with total transaction value in excess of $30 billion.

“Waste Harmonics delivers on its non-discretionary services via multi-year contracts, creating a recurring revenue business model that is highly predictable and recession resistant,” said Martin Tan, Chief Investment Officer, Arcapita. “With longstanding client relationships and high client retention rates, Waste Harmonics is one of the few nationwide providers of managed waste services in the US.”

Waste Harmonics was a portfolio company of Prospect Partners’ third fund, Prospect Partners III, L.P., since 2015.

“Waste Harmonics has been an exciting growth story for Prospect Partners,” added Erik Maurer, a principal of Prospect Partners. “Over the past four-and-a-half years, through technological innovation, organic growth, superior service delivery, and three strategic add-on acquisitions, Waste Harmonics has become the industry’s only single-source provider of the full spectrum of waste management services. We have been honored to support its development from a pre-middle-market company into a dominant market leader with expansive programs and geographic reach.”

About Waste Harmonics

Based in Victor, NY, Waste Harmonics is a managed service provider in the waste industry. The company manages waste contracts and third-party vendors, and ultimately helps customers with what every business develops: waste. Customized program solutions address waste generator expectations and requirements, dealing with single-source management of service suppliers, quality of service, reduction of costs, data and reporting analytics, consolidated invoicing and landfill diversion.

 

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