A strategic rail-based waste company expands
Terramont Infrastructure Partners has made a major move in the infrastructure sector. The company now owns a majority share in Hainesport Transportation Group, a waste management business based in New Jersey. HTG operates a fully integrated system that includes waste collection, transfer, processing, and disposal, and it connects these services through a rail network.
HTG was founded in 2004 by Darryl Caplan, Todd Sage, and Ronald Bridges. It runs a federally chartered short-line railroad and maintains a network of transfer and disposal facilities, all linked to rail. This setup helps customers in markets with limited landfill space send their waste more affordably and efficiently. As local disposal capacity becomes more limited, the company’s rail-based approach becomes even more valuable.
Caplan and Sage see growth through rail
Caplan explained that HTG was built around a core belief: rail is the most effective, sustainable way to transport waste from full markets to those with more space. He said Terramont shares that belief and has the experience and financial backing needed to help scale up the company’s rail operations.
Sage added that working with Terramont will let them add more rail-served capacity across the company. This expansion should open up new opportunities for HTG to serve additional customers and markets.
Michael Lehman and Vikram Singh, Managing Partners at Terramont, said that HTG aligns perfectly with Terramont’s investment goals. They praised the company’s track record and the value of its infrastructure for both customers and the communities it supports. They expressed excitement about helping HTG grow in the years to come.
Debt and counsel finalized the deal
To complete the acquisition, Fifth Third Bank provided the necessary debt financing. On the legal front, K&L Gates LLP represented Terramont, while Klehr Harrison Harvey Branzburg LLP supported HTG. Both teams worked together to ensure a smooth transaction.
HTG delivers essential services to commercial and industrial clients across the Mid-Atlantic and Southeast regions. Its rail infrastructure moves waste from saturated areas to those with more available capacity. This system offers a sustainable and scalable solution for waste management in challenging markets.