Private Capital Solutions

Heartwood Partners Completes Continuation Vehicle for The Amlon Group

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Private Capital Advisory Engagement Overview

Industry: Energy, Power & Infrastructure
Areas of Focus: Environmental Services, Diversified Waste Management and Recycling

Harris Williams advised Heartwood Partners, a private equity firm based in Connecticut, and their portfolio company, The Amlon Group LLC, on a GP-led continuation vehicle, Heartwood Partners CV I, LP. The continuation vehicle provided liquidity to Fund III LPs and other Amlon shareholders, as well as secured unfunded commitments to fund add-on acquisitions, which are core to Amlon’s growth strategy.

Amlon is recognized as a market leader in the hazardous and industrial waste management space. Robust historical performance coupled with diverse growth vectors and attractive industry dynamics led to a compelling investment opportunity.

Headquartered in Plano, Texas, Amlon is a total waste management company focused on a diverse set of hazardous and industrial waste streams. Amlon’s diverse solution offering includes waste management, waste-to-value processing, and waste minimization/landfill diversion.

The fund received strong interest from a wide array of secondary investors, leading to an oversubscribed CV anchored by Apogem Capital. Eight new institutional syndicate investors participated alongside Apogem, as well as several existing LPs who rolled into the continuation vehicle.

Contact the Harris Williams Private Capital Solutions professionals to learn more about this transaction.

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