Daily News: April 2, 2014

Graycliff Completes Mezzanine Investment in Tri Con Works

Graycliff Partners announced it completed a mezzanine investment in Tri Con Works, providing subordinated debt financing in support of the purchase of a controlling stake in the company by Aperion Management.

“We are pleased to invest in Tri Con and support the buyout of the company by Aperion,” said Duke Punhong, principal, Graycliff Partners. “Tri Con is an exceptional company with strong leadership and a long history of growth. Together with Aperion’s significant expertise of investing in the waste industry, we see tremendous potential for expansion and growth. We look forward to leveraging our flexible approach and deep investment experience to partner with management and Aperion to see Tri Con through the next stage of growth.”

Houston-headquartered Tri Con provides construction and management services related to landfill gas monitoring and recovery systems, as well as leachate systems and other environmental services, primarily to national waste services providers and municipalities.