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Mascarene Partners Acquires Voyager Trucking

Mascarene Partners ("Mascarene"), a middle-market infrastructure investment platform focusing on North American transportation and industrial businesses, today announced that has partnered with management to acquire Voyager Trucking Corporation ("Voyager" or the "Company").

Voyager is a waste services company specializing in transporting municipal solid waste and other bulk materials to landfills and incinerators, as well as providing transfer station management services. The Company is headquartered in Newark, NJ, and operates across nine states on the East Coast of the United States. Customers include integrated waste services companies, environmental services companies, recyclers and municipalities.

"We are thrilled to be partnering with the Voyager team. The Company has established a reputation for delivering high quality service to its customers, which has led to impressive historical growth. We look forward to the opportunity to work with the team to support the ongoing growth of the business, both organically and through acquisitions," said Rob Creighton, Partner with Mascarene.

Voyager’s Management team will remain shareholders in the business and continue to lead the Company.

Tom DiDonato, CEO of Voyager commented, "We believe that Mascarene’s deep industry experience and hands-on investment approach makes them an ideal partner for the next phase of Voyager’s growth. Our Company will benefit greatly from Mascarene’s strategic capital and resources in our efforts to drive continued service excellence for our customers across a growing footprint."

Wes Dick, Managing Partner of Mascarene added, "Voyager fits well with Mascarene’s investment strategy given the critical nature of its essential services, long-term contracted revenue, high-quality fleet, and strong track record of growth. This is an important investment for Mascarene and our first as an independent franchise. We look forward to building on this momentum given our pipeline of new investment opportunities.”

Financing for the transaction was provided by a lender group led by Man Varagon, Onex Credit and Amateras AEA.

McGuireWoods LLP provided legal counsel to Mascarene. Raymond James served as financial advisor to Voyager and Scudder Law Firm provided legal counsel to Voyager.

About Mascarene Partners, LLC.

Mascarene Partners is a specialized investment platform targeting North American middle-market transportation and industrial businesses. Mascarene seeks to partner with top-tier management teams to build and grow companies with asset-intensive business models that provide essential services and generate stable, predictable cash flows.

https://www.mascarene.com/

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