Blue Sage Capital Launches Blue Castle Waste Solutions Platform in the Midwest and Plains Regions

AUSTIN, TEXAS - Blue Sage Capital ("Blue Sage") is pleased to announce the formation of Blue Castle Waste Solutions ("Blue Castle"), a regional solid waste and recycling platform in the Midwest and Plains. Blue Castle was established through the concurrent partnering with founder-owned waste-collection businesses serving communities across Minnesota and Iowa. Blue Sage invested out of Blue Sage Capital IV, L.P., in partnership with Castle Capital, experienced operators with a demonstrated track record of building and exiting environmental services platforms.

Blue Castle exists to bring reliable, high-quality local waste collection services to communities across the Midwest and Plains states. Blue Sage and Castle intend to grow the platform by investing in people, equipment, and operations, and strategically partnering with like-minded, locally rooted businesses across the region, with the goal of building the premier regional solid waste and recycling company in the Midwest and Plains.

Doug Asay, CEO of Blue Castle, noted, "At Blue Castle, we have a deeply committed team, a clear strategy, and the right partners in Blue Sage and Castle to execute. We are excited to get to work building something that will make a real positive difference for the communities we serve."

Peter Huff, Founding and Managing Partner of Blue Sage, commented, "Blue Castle represents a compelling opportunity to apply a proven playbook in a sector we know well. Waste collection is one of the most essential and resilient local services in any community, and we see an opportunity to consolidate a fragmented market and build a regional leader. We are excited to partner with Castle and our management team to execute on that opportunity."

About Blue Castle Waste Solutions

Blue Castle Waste Solutions is a regional solid waste and recycling platform serving communities across the Midwest and Plains states. The company provides contracted residential, commercial, and municipal solid waste collection services, often underpinned by long-term municipal franchise agreements. Blue Castle also owns or operates strategic landfills and transfer stations near its collection and recycling operations. The company is focused on growing through organic initiatives and add-on acquisitions across the Midwest and Plains regions.

About Blue Sage Capital

Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $1.2 billion of assets under management and seeks to partner with founders, families, and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions, or specialty services industries. Blue Sage typically invests $25 million to $60 million in majority investments and recapitalizations of companies that can grow to $25 million to $200 million of revenue.

For questions or inquiries on the transaction, please contact Peter Huff ([email protected]) or Michael Fletcher ([email protected]) at Blue Sage Capital.

Endorsements by executives of Blue Castle. These are endorsements by persons who are not current clients or investors of Blue Sage. No cash or non-cash compensation was provided for these endorsements. Blue Sage has a financial interest in Blue Castle via its funds. This creates a material conflict of interest, as Blue Sage may benefit from its financial interest in Blue Castle. These statements are not a guarantee of future performance, nor a recommendation to invest in any Blue Sage fund. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.