Terramont acquires majority stake in Hainesport Transportation Group

Terramont Infrastructure Partners, a North American middle-market infrastructure investment firm, said it has acquired a majority interest in Hainesport Transportation Group, a vertically integrated provider of waste collection, transfer, processing and disposal services. HTG was founded in 2004 by Darryl Caplan, Todd Sage and Ronald Bridges and is headquartered in Hainesport, New Jersey. It owns rail-served transfer and disposal assets and a federally chartered short-line railroad, serving commercial and industrial customers across the Mid-Atlantic and Southeast.

Caplan, co-founder and CEO of HTG, said Terramont shares the company's long-term vision and will help it scale its rail-served capacity and expand into new customer markets. Chris Pih, a Terramont partner, cited the company's permitted, rail-served assets. Michael Lehman and Vikram Singh, managing partners at Terramont, said the firm looks forward to partnering with the management team. Financial terms were not disclosed.