Terramont Infrastructure Partners Acquires Majority Stake in Hainesport Transportation Group: Expanding Waste-by-Rail Infrastructure
Terramont Infrastructure Partners has recently acquired a majority stake in Hainesport Transportation Group (HTG), a company that specializes in waste collection, transfer, processing, and disposal services with a focus on waste-by-rail infrastructure. Founded in 2004 and based in Hainesport, New Jersey, HTG operates a network of rail-served transfer and disposal assets, serving commercial and industrial customers in the Mid-Atlantic and Southeast regions. The company's strategic waste-by-rail infrastructure allows customers in capacity-constrained markets to access lower-cost disposal capacity efficiently.
HTG's founders, Darryl Caplan, Todd Sage, and Ronald Bridges, established the company with a commitment to utilizing rail as the most efficient, cost-effective, and sustainable method for waste transportation. Terramont's investment in HTG aligns with the company's long-term vision and provides the necessary capital and expertise to expand its rail-served capacity and operational coverage to serve more customers effectively.
Terramont recognizes HTG's unique network of permitted, rail-served assets and operational excellence, making it an attractive investment opportunity. The partnership between Terramont and HTG aims to leverage the company's proven playbook and extend its services to new markets, further solidifying its position as a category leader in waste management.
With debt financing provided by Fifth Third Bank, Terramont's investment in HTG underscores its commitment to supporting essential infrastructure projects that deliver operational excellence and reliable services to customers. The partnership between Terramont and HTG is poised to drive the company's growth and expansion into new markets, guided by an exceptional management team.
Hainesport Transportation Group, headquartered in New Jersey, offers waste collection, transfer, rail transport, and disposal services through its strategic network of rail-served assets and short-line railroad. Terramont Infrastructure Partners, a middle-market infrastructure investment firm, focuses on investing in critical businesses across various sectors, including energy, transportation, environment, and digital infrastructure. The partnership between Terramont and HTG signifies a strategic move towards building category leaders in the waste management industry.