Dive Brief:
- Laurel Mountain Partners acquired Compost Colorado and Wompost in October, rolling them into its Denver-area waste hauler 5280 Waste Solutions. The deal adds one commercial composting facility and a pair of organics hauling operations.
- Laurel announced a senior subordinated debt and equity investment in 5280 Waste Solutions last year. The hauler at the time had a foundation in the C&D waste sector with a roll-off business, but Laurel plans to expand the company’s commercial and residential service offerings.
- The transaction occurs a few months after the Denver City Council approved new rules for its Universal Recycling and Composting Ordinance. Starting Sept. 1, multifamily buildings and food waste producers will be required to provide composting services for residents and back-of-house staff, respectively.
Dive Insight:
Colorado residents have been vocal in urging changes to the state’s waste policies in recent years, and officials have responded. That’s led to increased waste and recycling infrastructure investment.
In 2022, Denver residents passed the “
” ballot initiative that called for expanded recycling and compost collection requirements. Following its approval, the city formed a task force that worked with staff to finalize ordinance language. The Universal Recycling and Composting Ordinance’s requirements go into effect Sept. 1…