Antares arranged debt financing to support Aurora Capital Partners’ acquisition of Curtis Bay Medical Waste Services, a provider of medical waste collection, treatment and disposal services, from Summer Street Capital. Terms of the transaction were not disclosed.
“We are thrilled to partner with the entire Curtis Bay team and are humbled and grateful that they selected us to support them as the company enters its next stage of expansion,” Andrew Wilson, a partner at Aurora Capital Partners, said. “With a deep pipeline of growth opportunities combined with a leading position in the markets it serves today, Curtis Bay is an ideal fit for the Aurora program. We look forward to working closely with Mark Schifani, CEO of Curtis Bay, and to leveraging our history of partnerships with high-quality, route-based service providers.”
“Mark has assembled an impressive team and built Curtis Bay into a real leader in the medical waste management industry,” Matt Laycock, a partner at Aurora Capital Partners, said. “The company has a strong operational foundation that uniquely positions it to capitalize on a range of attractive growth opportunities as well as a balance sheet designed to support Aurora’s buy and build strategy. We’re excited to be their partner as Curtis Bay leverages its strong market position to pursue organic growth as well as add-on acquisitions.”
“As an industry leader, Curtis Bay is focused on safety, compliance and best-in-class services to the healthcare industry, from local pharmacies to national hospitals,” Schifani said. “Aurora has an incredible reputation of serving as a true partner to its portfolio companies, and we are thrilled to be able to leverage their insights and expertise in route-based and environmental services to expand our footprint and grow Curtis Bay into the premier medical waste management company in the U.S.”
This transaction marks the third investment from Aurora Equity Partners VI, which was activated in September. It follows a number of recent Aurora investments, including investments in Premier Roofing, Petroleum Service Corporation, VLS Recovery and Pace Analytical Services.
Baird served as financial advisor and Gibson Dunn served as legal advisor to Aurora Capital Partners, and Stifel Nicolas served as financial advisor to Curtis Bay and Summer Street Capital Partners.
Aurora Capital Partners is a private equity firm.