Date: August 3, 2007
Source: News Room
Hartford, Connecticut based-Oakleaf Waste Management is to receive a substantial infusion of new capital with which it hopes to expand its workforce and national presence. The capital comes from a $655 million deal whereby investor Charterhouse Group agreed to sell its stake to New Mountain Capital of New York. Oakleaf provides one-stop waste procurement and auditing services to customers with multiple market service needs. Oakleaf also provides "valet waste services" to customers such as apartment complexes and shopping centers. Oakleaf's strategy has paid off with 30% growth in revenues in each of the past two years putting it in position to soon cross the $500 million mark.
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