SC&H Capital, a leading investment bank specializing in M&A advisory, is pleased to announce it has completed a sale of the assets of E-Box, LLC’s (“E-Box” or “the Company”) roll-off dumpster rental operation to Baltimore, Maryland-based K&S TE, LLC (“K&S”).
Based in Memphis, Tennessee, E-Box is a leading roll-off dumpster rental operation with 39 trucks and over 2,200 dumpsters for construction and demolition (“C&D”) materials removal and recycling. Founded in 2002, the Company provides high-quality services to residential and commercial contractors and the public. After the owner’s sudden passing in late 2022, the company filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Tennessee, Western Division to evaluate its options.
In November 2022, SC&H Capital’s Special Situations team was retained by the Debtor as the exclusive court-approved investment banker to oversee the sale process. The objective was to identify a buyer to continue servicing the Company’s customer base and employing its 36 employees. The team at SC&H Capital conducted an exhaustive marketing process that generated significant market interest and seven bidders to participate in an auction of the Company’s assets, six of which sought to operate the business as a going concern. The auction culminated in a successful bid from K&S.
“We are extremely pleased the Company will continue to operate as a going concern with its existing employee base, and that the estate received a higher than anticipated recovery,” said Hank Waida, Principal at SC&H Capital. “The sale process identified a mix of financial, strategic, and equipment bidders that nearly doubled the initial stalking horse bid.”
Other professionals who worked on the transaction include Craig Geno, Law Offices of Craig M. Geno, PLLC, counsel for E-Box, LLC, Dustin Lough, CR3 Partners, CRO for E-Box, LLC, Bob Mimms, CPA for E-Box, LLC, and Gary Leibowitz, Cole Schotz P.C., counsel for K&S TE, LLC.
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.