BGL Announces the Recapitalization of Whitecap Waste by Firmament

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Whitecap Waste by Firmament, a provider of equity capital solutions to small- and medium-sized enterprises. BGL’s Environmental Services investment banking team exclusively advised Whitecap Waste in the transaction. The specific terms of the transaction were not disclosed.

Headquartered in Beckley, West Virginia, Whitecap Waste is one of the leading regional providers of solid waste collection services in West Virginia and provides residential, commercial, and roll-off waste collection services to over 30,000 customers throughout Southern West Virginia. Whitecap Waste was founded in 2020 to create a regional solid waste platform and quickly consolidated three local solid waste companies: Beckley Garbage, Oak Hill Garbage, and Dave’s Sanitation. The company, led by President Michael Schmidt, aims to continue to expand its geographic footprint and improve operations in order to better serve the West Virginia community.

BGL’s Services investment banking professionals have extensive M&A and capital markets experience, with deep knowledge in Environmental Services, Industrial & Infrastructure Services, Commercial & Residential Services, Professional Services, and Supply Chain & Logistics Services. Our Services team is deeply connected across the industries we serve, maintaining strong relationships with strategic and financial buyers around the globe.