April 28, 2023 – NMS Capital (“NMS”) announced today that it has partnered with Company management in the recapitalization of Texas Pride Disposal Solutions, LLC (“Texas Pride”) and the Texas Dumpsters family of hauling businesses, forming a new solid waste hauling platform (collectively, the “Company”), which will continue operating under the name Texas Pride. Terms of the transactions were not disclosed. NMS launched an investment initiative focused on the environmental services market in 2021 and was fortunate enough to partner with industry executive Chuck Casalinova on the effort. Mr. Casalinova is a highly accomplished waste management executive, with over 40 years of industry experience, most recently serving as CFO of PowerTeam Services, a large utilities services business. Prior to that, Mr. Casalinova spent 13 years as SVP and CFO of WCA Waste Corporation, a super-regional waste hauling provider that he helped build from the ground up. Prior to WCA, Chuck spent nearly 20 years with Waste Management, serving in various financial, operational and growth focused roles. Mr. Casalinova will serve as Executive Chairman of Texas Pride and will provide operational guidance and strategic expertise to the executive management team. Mr. Casalinova also serves on the Board of NMS portfolio company LDR Site Services. Founded in 2013, Texas Pride is a provider of non-hazardous solid waste hauling and recycling collection services to residential, commercial, and industrial customers in the greater Houston metropolitan area. Texas Pride founder and CEO Kevin Atkinson started the Company after identifying an opportunity in the Houston market while working in management positions at WCA Waste Corporation. Texas Pride is committed to providing the highest level of customer service while maintaining safety and environmental responsibility across its operations. Texas Dumpsters operates a family of growing businesses focused primarily on dumpster and porta-potty rentals. The acquired group of companies includes West Texas Dumpsters, South Texas Dumpsters, Arizona Portables and Texas Dumpsters (collectively, “Texas Dumpsters”). Texas Dumpsters has been a trusted partner to customers across Texas and Arizona for nearly a decade, offering services and geographic coverage that complements those of Texas Pride. Texas Pride will focus on providing the highest level of service to residential, commercial, and industrial customers across Texas and surrounding states. To support Texas Pride, industry veterans Tony Cincotta and Mark Schifani have joined the executive team and will serve as COO and CFO, respectively. Mr. Cincotta joins Texas Pride from Sweeping Corp of America, where he most recently served as Regional Vice President covering Texas and California. Previously, Tony operated as a General Manager for Republic Services, overseeing multiple locations including Las Vegas, NV. Mr. Schifani most recently served as Senior Vice President of Finance with WIN Waste Innovations following roles as CFO and subsequently CEO of Curtis Bay Medical Waste Services. Prior to that, Mr. Schifani was a member of Republic Services for nearly 20 years, including extensive experience in mergers, acquisitions, and integrations. “Our partnership with NMS comes at a pivotal time in Texas Pride’s history as we look to scale the business considerably through investments in personnel, equipment and technology,” said Kevin Atkinson, who will continue as CEO of Texas Pride. “We chose to partner with NMS because of their commitment to growth and unique understanding of our market through their partnership with Mr. Casalinova. We have already hit the ground running just a few months into our partnership, with exciting additions to the management team, enhanced support for our existing customers, investments in new equipment to support continued growth, and most notably this combination with Texas Dumpsters.” “This transaction marks NMS Capital’s second investment in the environmental services sector in the past 12 months,” added Daniel Schwartz, Managing Director at NMS. “After nearly 2 years of searching for the right MSW company to acquire, we were fortunate to find two high quality providers to partner with in one of the largest and fastest growing states in the U.S. This transaction will provide the combined Company with the capital required to support new and existing customer growth and strategic acquisitions across all business lines, as well as an experienced team to lead Texas Pride into the future.” Mr. Casalinova added, “Kevin has built Texas Pride into a strong brand in the Houston market since its founding over a decade ago. The combination with Texas Dumpsters immediately makes the company a significant player across several major metropolitan markets in the state and positions the Company well for the future. I’m really looking forward to working with the management team to build Texas Pride further.” The NMS deal team also included Kevin Jordan, Jake Kinsley, and Jordan Shenker. Marc Segel, CEO of LDR Site Services, will serve on the Board of the Company. Greenberg Traurig provided legal counsel to NMS, and The Law Offices of Leonard S. Roth, P.C. provided legal counsel to Texas Pride. Comerica Bank led the debt financing to support the transaction.
About Texas Pride Disposal:
Founded in 2013, Texas Pride is a provider of non-hazardous solid waste hauling and recycling collection services to residential, commercial, and industrial customers in the greater Houston metro area. Kevin Atkinson founded the Company after identifying an opportunity in the Houston market while working in management positions at WCA Waste Corporation. Texas Pride is committed to providing the highest level of customer service while maintaining safety and environmental responsibility across its operations.
About Texas Dumpsters:
Texas Dumpsters is a family of solid waste hauling and porta-potty rental businesses and is a trusted partner to customers across Texas and Arizona. Its subsidiaries include West Texas Dumpsters, LLC, South Texas Dumpsters, LLC, Arizona Portables, LLC, and Texas Dumpsters, LLC.
About NMS Capital:
Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.5 billion. Since inception, NMS has partnered with management teams in over 115 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has successfully built lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth. For additional information on NMS, please visit the firm's website at http://www.nms-capital.com. Follow NMS Capital on http://www.linkedin.com/company/nms-capital.
For further information:
Daniel Schwartz
Managing Director
NMS Capital
212.574.7005
dschwartz@nms-capital.com