Crestline Investors, Inc. (“Crestline”) is excited to announce the close of a $66 million new senior secured credit facility to CHP Arrow Environmental, LLC (“Arrow Waste”), a portfolio company of Carr’s Hill Capital Partners Management, L.P. (“CHP”) to support Arrow Waste’s organic growth and acquisition strategy. Founded in 1994 and headquartered in Atlanta, Georgia, Arrow Waste is a solid waste management services provider commercial waste collection services, residential curbside collection services, and roll-off rental solutions. Anticipated future acquisitions aims to strengthen and broaden Arrow’s service capabilities and geographic presence.
“We are looking forward to partnering with CHP and supporting Arrow Waste in their continued success,” said Jake Friemel, Managing Director at Crestline. “Arrow Waste has built a sizeable presence across Metro Atlanta due to its high-quality management team, exceptional customer service, transparent pricing, and strategically located facilities.”
“CHP is pleased to partner with Crestline for this transaction. Crestline’s deep expertise within the waste management industry contributed to an efficient diligence process as well as speed and certainty of close,” said Tyler Houin, Managing Director at CHP.
About Crestline Investors
Crestline Investors, Inc. is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of credit assets under management (as of June 30, 2025) including its opportunistic, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Arrow Waste
Founded in 1994, Arrow Waste is a solid waste collection business serving the broader Atlanta market and surrounding areas. The Company offers commercial waste collection services, residential curbside collection services, and roll-off rental solutions.
About Carr’s Hill Partners
Carr’s Hill Partners is a New Orleans-based private equity firm focused on family- and founder-owned businesses, generally ranging from $5 million to $15 million of EBITDA, in the industrial and infrastructure services sectors along the Gulf Coast. The firm takes a growth-minded approach to investing, combining capital, operational expertise, sector knowledge, and regional insights to create lasting value. For more information, visit www.carrshillpartners.com.
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