D.A. Davidson & Co. announced today that its client Arrow, Inc. (dba Arrow Waste) has been acquired by Carr’s Hill Capital Partners Management, LP (CHP). Founded in 1994, Arrow Waste has grown to be a leading provider of roll-off container and waste hauling services for residential, commercial, and industrial clients in the greater Atlanta area. With the largest roll-off container fleet in the region, Arrow’s reliability and emphasis on customer service have positioned it as the preeminent provider to its base of more than 10,000 clients annually. CHP, which focuses on investments in family and founder-owned companies in the industrials and business services sectors, obtained debt financing from Tecum Capital and Hancock Whitney.
Rip Thomson, Arrow’s Founder, will continue as an active adviser to the company. “D.A. Davidson provided unparalleled service and invaluable counsel as we navigated the effort to find the right partner for Arrow. The D.A. Davidson team invested the time to truly understand our business and expertly identified and articulated our growth opportunities. We are greatly appreciative of D.A. Davidson’s Diversified Industrials Group for delivering a spectacular outcome to our shareholders and employees by finding CHP, the ideal partner to actively support our continued growth and evolution,” said Thomson.
“Arrow’s exceptional growth is a testament to its excellent leadership, best-in-class service, and unmatched customer value proposition. Rip has built an impressive, growth-oriented organization and sought a financial partner to support Arrow’s continued expansion through both organic and acquisition initiatives. Carr’s Hill Partners’ expertise in industrial services, partnership approach, and extensive operational, M&A, and managerial capabilities are a perfect fit for Arrow Waste. We eagerly look forward to Arrow’s continued growth and success,” said David Morse, Managing Director at D.A. Davidson.
This transaction showcases D.A. Davidson’s Diversified Industrials Group’s ability to leverage its deep sector focus to successfully market founder-owned businesses to private equity investors. D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide, across four industry verticals: consumer, diversified industrials, financial institutions, and technology.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,525 employees and offices in 27 states.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
Deal Team Contacts
David Morse, Managing Director | Atlanta | [email protected]
Dylan Fodel, Associate | Denver | [email protected]
Media Contact
Andreea Popa, Head of Equity Capital Markets Marketing | [email protected]