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Carr's Hill Partners Invests in Arrow Waste

ATLANTA, July 28, 2022 - Carr’s Hill Capital Partners Management, LP (“CHP”) is excited to announce its investment in Arrow, Inc. (“Arrow Waste” or the “Company”).

Founded in 1994, Arrow Waste has grown into one of the largest providers of roll-off container and waste hauling services for residential, commercial, and industrial clients in the greater Atlanta metropolitan area. With what the Company describes as 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 over 10,000 clients annually.

Following CHP’s investment, Justin Vetsch joined Arrow Waste as CEO. Mr. Vetsch brings over 11 years of industry experience, most notably in senior roles at Waste Management in markets including Kansas City and Omaha. Justin has played a pivotal role in expanding commercial relationships, entering new markets, and developing strategic partnerships throughout the waste industry. “I was immediately impressed by Arrow’s longstanding customer relationships and reputation for high-quality service,” said Mr. Vetsch. “The vision and capital support of the CHP team created a compelling opportunity, and we’re already making significant progress expanding Arrow’s post-collection capacity and growing our commercial waste client base. I look forward to continuing to build a best-in-class, client-focused environmental services firm.”

“Arrow Waste is a market leader with tremendous potential,” said H. David de Laureal, Managing Partner of CHP. “Justin is a great fit for the platform and we are excited to support him and his team as they take advantage of the current market opportunity and execute an ambitious growth plan.”

Rip Thomson, Arrow’s founder, will continue as an active advisor to the business. “Arrow is in great hands with Justin and the team at Carr’s Hill,” said Mr. Thomson. “I’m proud of the legacy and relationships that I have built over the years and look forward to the new partnership as we bring Arrow into its next phase of growth.”

Kirkland & Ellis LLP served as legal counsel for CHP; Hancock Whitney and Tecum Capital provided financing for the transaction.

About Arrow Waste

Arrow Waste is a leading roll-off container waste hauling business servicing over 10,000 residential, commercial, and industrial clients annually in the Atlanta metropolitan area. Arrow utilizes its significant fleet size to maintain the highest standards of reliability & customer service as the preeminent provider in the region. For more information, visit: www.arrowwaste.com.