Eagle River Capital

About Eagle River Capital

Eagle River Capital, established in 2017, operates as a holding company with a strategic focus on acquiring and managing solid waste management businesses. The firm was co-founded by Tom Miller, his son Eric Miller, and Brian Cleveringa. Tom Miller brings a wealth of experience to the venture, having been a significant figure in the North American waste management industry since 1979 and holding leadership roles at major companies like Browning-Ferris Industries, Allied Waste, and Republic Services before coming out of retirement to start this new enterprise. Eric Miller also has a background in building and investing in companies, having co-founded Kodiak Building Partners, a building products company, before establishing Eagle River Capital.

The company's core business model is centered on the acquisition of small, regional waste operations, primarily in the western United States, including states like Colorado, Wyoming, and Montana. Eagle River Capital's strategy involves identifying and purchasing these local businesses to build a network of service providers under its umbrella. For instance, in its founding year, the firm acquired the trash operation of REDI Services in Meeker, Colorado, and also owns "At Your Disposal" in Pagosa Springs. This approach allows the company to consolidate services and expand its geographic footprint methodically.

Eagle River Capital provides essential waste management services, including collection, transportation, and recycling for commercial and residential clients. The objective is to help customers, particularly those in the manufacturing and commercial sectors, manage their waste streams effectively, ensuring a clean environment. The company has demonstrated a consistent growth trajectory, raising a total of $32.2 million in capital over four funding rounds, including a significant Series B round of $16 million in November 2021, to fuel its acquisition strategy.