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White Oak Provides $21.3 Million Senior Credit Facility to Support Salt Creek Capital’s Acquisition of Omni Recycling
May 9, 2022
New York ----- White Oak Global Advisors LLC (“White Oak”) announced today it has provided a $21.3 million senior credit facility to Omni Recycling (“Omni”), a leading single-stream recycling and waste disposal company. The transaction supported Salt Creek Capital’s (“Salt Creek”) acquisition of the company. Salt Creek is a San Francisco Bay Area-based private equity firm that partners with lower middle-market businesses to accelerate growth and improve operating efficiencies.
“The team at Omni has served customers in their community for more than 25 years and we are excited to support their next stage of growth with Salt Creek,” said Albert Brandano, Director of Originations at White Oak. “The Omni transaction is another great example of White Oak’s commitment to supporting ESG-oriented small and medium sized businesses”.
Bobby Sheth, Managing Director of Salt Creek, added, “Omni is an exciting opportunity for us to enter the recycling space and grow an established platform with a history of strong success. We are excited to partner with the White Oak team to accelerate Omni’s growth trajectory.”
White Oak is committed to helping small- and middle-market companies at every stage of their lifecycle to optimize their capital structure based on available assets and cash flow. White Oak offers a comprehensive suite of products and takes a hands-on consultative approach to lending, fulfilling capital needs ranging from $5 million to $200 million.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with $5 million - $150 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, please contact Tyler Romrell at tyler@saltcreekcap.com or visit www.saltcreekcap.com.
About Omni Recycling, LLC.
Headquartered in Pitman, New Jersey, Omni is a leading single stream recycling and waste disposal company. Omni is an established Materials Recovery Facility serving municipal customers in Central and Southern New Jersey. Omni was founded in 2002 by Mr. Jim Nickels, Mr. Kevin Hogan, and a group of experienced private investors. The ownership group is transitioning out of the business but remain excited for the future of the Company.
