Kinderhook Industries LLC
06/08/2026 | Press release | Distributed by Public on 06/08/2026 06:47
Compactor Rentals of America Completes $385 Million Securitization, the First in the Waste Compactor & Baler Leasing Sector
Compactor Rentals of America Completes $385 Million Securitization, the First in the Waste Compactor & Baler Leasing Sector
June 8, 2026
New York, NY - Kinderhook Industries ("Kinderhook") today announced that its portfolio company, Compactor Rentals of America ("CRA" or the "Company"), a leading provider of waste compaction solutions, specializing in compactor and baler leasing programs across the U.S., has completed a securitization ("Securitization"), with over $300 million funded at closing. The Securitization recapitalizes CRA's balance sheet and establishes a scalable, long-term source of capital to support the Company's continued growth.
The Securitization refinances CRA's existing indebtedness and introduces a dedicated, lower-cost source of long-term capital. In addition to amounts funded at closing, the facility includes incremental committed delayed-draw and variable funding capacity that the Company can access to fund fleet expansion and future acquisitions, providing CRA with significant flexibility to continue executing its growth strategy.
"This financing is an important milestone for CRA and a strong endorsement of the platform our team has built," said Kelly Williams, Chief Executive Officer of CRA. "Access to a scalable, long-term source of capital gives us the flexibility to invest in our fleet, expand our national footprint, and pursue accretive acquisitions as we continue to grow."
"We are excited to put this investment grade capital structure in place for CRA," said Rob Michalik, Managing Director at Kinderhook. "A securitization is a natural fit for a business with CRA's high-quality, recurring rental cash flows, and it provides a flexible and efficient source of capital to support the Company's continued organic growth and acquisition strategy."
Guggenheim Securities, LLC served as sole structuring advisor and sole placement agent on the Securitization. Kirkland & Ellis LLP served as legal counsel to Kinderhook and CRA. White & Case LLP served as legal counsel to the lenders.
For additional information about this transaction, please contact:
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
Sam Keenan
Managing Director
(212) 201-6795
[email protected]
Kevin Gayhardt
Vice President
(212) 201-9979
[email protected]
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised over $11 billion of committed capital. We have made in excess of 500 investments and follow-on acquisitions since inception. Kinderhook's investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental & industrial services, and light manufacturing & automotive sectors.
For more information, please visit https://www.kinderhook.com
About Compactor Rentals of America
Founded in 2009 and headquartered in Phoenix, AZ, CRA is a leading provider of sustainable waste containment infrastructure, specializing in commercial waste compactor and baler equipment rental solutions. CRA's fleet of compactor and baler assets is supported by a nationwide network of over 160 vendor partners, enabling the Company to efficiently serve its diverse base of customers across 48 states.
For more information, please visit https://compactorrentalsofamerica.com/
Kinderhook Industries LLC published this content on June 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 08, 2026 at 12:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]