October 31, 2014 Share Print
Saw Mill Capital Completes Sale of Denali Water Solutions

Saw Mill Capital Completes Sale of Denali Water Solutions Briarcliff Manor, NY – October 31, 2014. Saw Mill Capital LLC is pleased to announce the sale of Denali Water Solutions (“Denali”), to an investment group led by Andy McNeill, Denali’s CEO, and McClarty Capital. Denali represents the last remaining division from Saw Mill’s successful investment in Terra Renewal LLC (“Terra”), following the sale of Terra Renewal Services, Inc. to Darling International, Inc. (NYSE:DAR) in August 2013 and the sale of Denali’s Energy Fluids Division to a private investment group in December 2013.

Saw Mill, in partnership with Terra’s management team, oversaw the growth of Terra’s Revenue and EBITDA by 130% and 142%, respectively, since the initial investment in 2005. According to Scott Budoff, a Partner at Saw Mill, “Our partnership with Andy McNeill and his senior management team allowed us to drive substantial organic growth and profitability at Terra, while completing nine acquisitions during our ownership. At the same time, in partnership with Andy, we professionalized Terra’s people, processes and practices, creating a specialized business model that accelerated growth and profitability by deploying the Saw Mill Business System. We wish Andy and his team continued success as they move forward to deploy the successful growth strategy we developed at Denali.”

According to Andy McNeill, Denali’s CEO, “Our partnership with Saw Mill was extremely successful. Saw Mill was a great partner and they were instrumental in Terra/Denali’s development into a leading environmental services provider. Although we are sorry to see our partnership with Saw Mill come to an end, we look forward to building upon the foundation we established together to drive Denali’s future growth and profitability.”

Following this sale, Denali will continue to operate as a leading environmental services company, focusing on the handling and disposal of biosolids on a national basis, with a strong geographic presence in the U.S. Southeast, Southwest and California.

Denali Water Solutions
Based in Russellville, Arkansas, Denali Water Solutions (fka Terra Renewal) focuses on repurposing organic waste for beneficial reuse by providing mission critical environmental services to municipal customers on a nationwide basis, by providing for the collection, hauling, and disposition of municipal biosolids. For more information about Denali Water, please visit www.denaliwater.com.

About Saw Mill Capital LLC
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices, and provide global market expertise.