Zabel Announces Sale of New Market Waste Solutions to Waste Harmonics
Charlotte, NC (Jan 24, 2023) – The Zabel Companies, an investment firm dedicated to partnering with management teams to invest in and build private companies, has announced the sale of its portfolio company, New Market Waste Solutions (“New Market”), a leading refuse and recycling consulting and management services company, to Waste Harmonics, a portfolio company of Arcapita Group Holdings.
Rob Ryan founded New Market in 2001, building the company into one of the leading waste management services businesses over the last 20+ years. Zabel first invested in the Company and partnered with Rob Ryan in 2016. Over the course of the partnership, Zabel helped New Market accelerate its growth strategy through a variety of initiatives, including building significant depth in the Company’s management team, upgrading New Market’s systems and technology capabilities, and implementing a strategic growth plan. The Company’s sales and earnings increased three-fold and four-fold, respectively, over the course of the investment.
Rob Ryan shared: “I’m proud of everything the team at New Market has accomplished and am excited to see continued growth for the Company and for our team. I credit a great deal of our success to the strength of the partnership we built with Zabel over the years. The Zabel team has been a great resource for me and for our leadership team, guiding us through a successful growth journey across many critical inflection points. This has been a great outcome for all involved.”
“It has been a privilege to partner with Rob and the entire New Market Waste Solutions team over the last 7 years”, reflected Bill Lunsford, President of The Zabel Companies. “The team drove significant growth, executed on a number of highly valuable strategic initiatives, built a great team and created new leadership opportunities for a number of people. It’s impressive what the team achieved all while maintaining the great culture and customer-centric organization that Rob has developed over the last two decades. The team has a lot to be proud of and I wish them nothing but continued success in their next chapter.”
About The Zabel Companies
Based in Charlotte, NC, The Zabel Companies is an investment firm dedicated to partnering with management teams to patiently build privately held $2 million to $10 million EBITDA companies in the niche manufacturing, business services, and distribution sectors. Zabel brings a proven and flexible approach to investing in and growing high quality businesses. Whether through a buyout or recapitalization, Zabel’s strategy is to work closely with management teams to steadily grow businesses and build value for all parties involved. For more information, visit www.zabelcompanies.com.
About New Market Waste
Founded in 2001 and based in Charlotte, NC, New Market Waste Solutions is a refuse and recycling consulting and management services company that designs and implements sustainable cost saving solutions for its customers. The Company’s all-inclusive services include vendor selection, rate management, invoice management and document processing, optimization of trash and recycling services and management of vendor relationships. For more information, visit https://newmarketwaste.com/.