Carr’s Hill Capital Partners Management, LP (“CHP” or “Carr’s Hill”), a private equity firm focused on industrial and infrastructure services businesses in the Southeastern U.S., today announced the successful closing of a new senior credit facility with Crestline Investors, Inc. (“Crestline”) for its portfolio company Arrow Waste (“Arrow”). The facility will provide significant capital to advance Arrow’s organic growth strategy and fund add-on acquisitions across the waste management sector.

Founded in 1994 and headquartered in Atlanta, Arrow Waste is a leading waste hauling business servicing over 60,000 residential, commercial & industrial customers annually in the Atlanta metropolitan area. Over the past year, Arrow has made meaningful investments to expand its geographic reach, automate its fleet and strengthen its service capabilities. With additional acquisitions underway and a robust pipeline of opportunities, Arrow is positioned to become a scaled, market-leading provider in the region.

“Arrow Waste exemplifies the type of business we seek to partner with— a leading operator in a highly fragmented industry, providing essential infrastructure services, with a strong local brand reputation,” said Tyler Houin, Managing Director at Carr’s Hill. “The new financing provides Arrow with significant capacity to continue its organic sales expansion, while continuing to execute add-on acquisitions that enhance service offerings and geographic coverage for our customers.”

This transaction reflects CHP’s broader strategy of investing in and scaling lower middle-market industrial and infrastructure services companies across the Gulf Coast and greater Southern U.S. Since 2019, Carr’s Hill has partnered with founder-owned businesses across the environmental, rail, logistics, marine, utility, and safety services sectors, helping them accelerate growth through strategic investment and operational support.

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 dumpster rental solutions, commercial waste collection services, and residential curbside collection services. For more information, visit www.arrowwaste.com.

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 and greater Southern U.S. 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.

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.

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“The new financing provides Arrow with significant capacity to continue its organic sales expansion, while continuing to execute add-on acquisitions that enhance service offerings and geographic coverage for our customers.”