Terramont buys majority stake in waste-by-rail operator HTG
What's the deal? Terramont Infrastructure PartnersDealroom has a profile for this one. Try Dealroom → has acquired a majority interest in Hainesport Transportation Group (HTG)Dealroom has a profile for this one. Try Dealroom →, a New Jersey-based provider of waste collection, transfer, processing, and disposal services. Deal terms were not disclosed.
What each side brings: HTG, founded in 2004, owns a network of rail-served transfer and disposal assets plus a federally chartered short-line railroad, serving commercial and industrial customers across the Mid-Atlantic and Southeast. Terramont is a North American middle-market infrastructure firm investing across energy, transportation, environment, and digital infrastructure.
Why now? As regional landfill capacity tightens, HTG's ability to consolidate waste for long-haul rail transport gives customers in capacity-constrained markets access to lower-cost disposal.
What's the endgame? The company wants to add more rail-served capacity and reach new markets. "In Terramont we found a partner that shares that long-term vision and brings the capital and infrastructure expertise to help us scale it," said co-founder and chief executive officer Darryl Caplan.
The strategic fit: Terramont said it has known HTG's founders for several years. "HTG has built a hard-to-replicate network of permitted, rail-served assets, and an operating culture to match," said Chris Pih, a partner at the firm.
The details: Fifth Third BankDealroom has a profile for this one. Try Dealroom → provided debt financing. K&L Gates LLPDealroom has a profile for this one. Try Dealroom → advised Terramont, while Klehr Harrison Harvey Branzburg LLPDealroom has a profile for this one. Try Dealroom → advised HTG.
The signal: With landfill space shrinking, permitted rail-served waste assets are becoming scarce and valuable — drawing infrastructure investors looking to build category leaders in essential services.
Read more: TMCnet
Image credit: Cycle & Rail
