Salt Creek Acquires Omni Recycling, LLC
Mar. 10, 2022
Woodside, California (March 10, 2022) – Salt Creek Capital is pleased to announce the acquisition of Omni Recycling, LLC (“Omni”), a leading single stream recycling and waste disposal company. Headquartered in Pitman, New Jersey, Omni operates a Materials Recovery Facility (“MRF”) serving public municipalities in Central and Southern New Jersey.
Salt Creek Capital is partnering with Kevin Carducci, CEO of Omni, along with the rest of the current team on this transaction. Mr. Carducci commented, “Omni has a long history of being a best-in-class MRF and providing our local municipalities with single stream recycling services. Partnering with Salt Creek Capital will allow us to expand our capabilities to better serve those municipalities who rely on us for their recycling needs. I look forward to working alongside Salt Creek Capital and having a strong partner as Omni continues to grow.”
Bobby Sheth, Managing Director of Salt Creek Capital, added, "Omni is an exciting opportunity for us to enter the recycling space and grow an established platform with a history of strong success. The team at Salt Creek looks forward to working with Mr. Carducci and the rest of the team and supporting Omni through its next phase of growth.”
White Oak Global Advisors provided debt financing for the transaction. Salt Creek Capital was advised on the transaction by Greensfelder Hemker & Gale, P.C. and Weaver and Tidwell, LLP.
About Omni Recycling, LLC.
Headquartered in Pitman, New Jersey, Omni is a leading single stream recycling and waste disposal company. Omni is an established Materials Recovery Facility serving municipal customers in Central and Southern New Jersey. Omni was founded in 2002 by Mr. Jim Nickels, Mr. Kevin Hogan, and a group of experienced private investors. The ownership group is transitioning out of the business but remain excited for the future of the Company.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with $5 million - $150 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, please contact Tyler Romrell at firstname.lastname@example.org or visit www.saltcreekcap.com.