Crestline Management, L.P. (“Crestline”) is excited to announce the close of a new first lien credit facility to Living Earth® to refinance existing debt. Living Earth®, a portfolio company of ES Capital Partners (“ESCP”) and a member of the Letco Group, is an independent domestic manufacturer and supplier of sustainable landscaping products derived from processing green and organic waste.
"Living Earth® has built an impressive, sustainability-driven brand over four decades, turning organic waste recycling into a true competitive advantage. We’re pleased to partner with ES Capital to support the continued growth of Living Earth," said Jake Friemel, Managing Director at Crestline.
"Crestline's deep experience in the environmental services industry made them a natural fit for us. Their detailed understanding of our business gave us confidence that this was the right partnership," said Bruce Schulman, Managing Partner at ES Capital.
"Crestline's global scale, Texas roots, and relationship-focused approach made them a natural fit for Living Earth. We look forward to building a long-term partnership together," said Steven Bauer, Chief Financial Officer of Living Earth.
About Crestline Management, L.P.
Crestline 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 September 30, 2025) including its capital solutions, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About ES Capital
ES Capital Partners, led by the buyouts team from NGP Energy Technology Partners, is a lower middle market investment firm that partners with experienced management teams in their target areas of environmental, industrial, power / utility, and renewable sectors. The primary objective is to collaborate with companies and management teams to drive value for all stakeholders. For more information, visit www.escapitalpartners.com/.
About Living Earth®
Living Earth®, a member of The Letco Group, is a sustainability-focused manufacturer and retailer of organic landscaping and garden products, founded in 1985. The company produces and sells a range of earth-friendly materials including mulch, compost, soil, and aggregate supplies, serving both retail customers and commercial job sites. Living Earth® also operates a green recycling business, accepting clean green materials such as brush, grass clippings, and leaves at most of its locations, effectively closing the loop by converting organic waste into quality landscape products. For more information, visit www.livingearthtechnology.com/.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
