5280 Waste Solutions Gains New Partner in Tecum Capital Investment
Deal News | Apr 09, 2025 | Tecum Capital Partners
In April 2025, Tecum Capital Partners announced its investment in 5280 Waste Solutions, a Denver-based waste management company, as part of a majority recapitalization effort spearheaded by Laurel Mountain Partners and the Kendall Family Office. The investment aims to support 5280's expansion into commercial and residential waste management services, leveraging Tecum's and Laurel Mountain Capital's expertise in environmental services. Jeff Kendall, CEO of 5280, expressed a strategic vision to grow the company beyond its already solid foundation in the construction and demolition waste sector. Tecum, led by Matt Harnett and Husnain Safdar, highlights the strong management of 5280 as a key reason for investment, while Laurel Mountain Capital's President, Dickson Suit, emphasizes the alignment with their investment strategy. Tecum and its partners plan to bolster 5280’s market presence in Denver and explore strategic growth opportunities.
Sectors
- Environmental Services
- Private Equity
Geography
- United States – The investment involves U.S.-based companies, Tecum Capital and 5280 Waste Solutions, with the main transaction occurring in Denver, Colorado, yet involving an investment firm based in Pittsburgh, Pennsylvania, showcasing cross-regional financial engagement.
- Colorado – 5280 Waste Solutions, the target company, is headquartered in Denver, Colorado, where it serves the greater metro area, making this state a primary geographical focus.
Industry
- Environmental Services – This classification is relevant because 5280 Waste Solutions operates in the waste management sector, providing services for construction, commercial, and residential waste, aligning with Tecum Capital's investment focus.
- Private Equity – The investment by Tecum Capital, along with Laurel Mountain Partners and Comerica Bank, represents a private equity transaction aimed at boosting 5280 Waste Solutions' growth, a common activity within this sector.
Financials
- $305 million – The size of Tecum Capital Partners III fund, from which the investment in 5280 Waste Solutions was made.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 5280 Waste Solutions | Target | Company | A leading waste management company based in Denver, Colorado, specializing in roll-off, residential, and commercial waste services since 2012. |
| Tecum Capital Partners | Bidding Company | Company | A private investment firm based in Pittsburgh, Pennsylvania, focused on lower middle-market companies, providing capital for growth opportunities. |
| Laurel Mountain Partners | Seller | Company | A family office operating under the Kendall Family, leading the recapitalization effort for 5280 Waste Solutions. |
| Comerica Bank | Financial Advisor | Company | Participated in the financial backing of the recapitalization scheme for 5280 Waste Solutions. |
| Jeff R. Kendall | CEO of 5280 | Person | Leader of 5280 Waste Solutions and partner at Laurel Mountain Partners, focused on driving strategic growth for the company. |
| Matt Harnett | Partner at Tecum | Person | Leader at Tecum Capital who played a key role in the investment in 5280. |
| Husnain Safdar | Senior Vice President at Tecum | Person | Part of Tecum’s leadership, involved in the strategic partnership with 5280. |
| Dickson Suit | President of LMC | Person | President of Laurel Mountain Capital, supporting the strategic investment in 5280. |