Valet Waste is the leading national provider of doorstep trash and recycling collection to the multifamily housing industry. Valet was founded in 1995 and has pioneered the industry since that time, growing from just a concept to over 600,000 units under management today. Valet Waste benefits all property constituencies by improving the quality of residents’ experience, decreasing on-site maintenance stress and providing an additional revenue opportunity for property owners. As a result, Valet’s service has consistently been ranked among the top 3 most desired amenities by residents and property owner/management. Valet Waste is based in Tampa, Florida and is the only national provider of five night a week doorstep waste and recycling collection to the multi-family housing industry, with operations in over 25 major markets.
New Mountain acquired its ownership position in Valet Waste in August 2007 through the acquisition of its parent company Oakleaf Global Holdings, Inc. New Mountain identified Oakleaf as part of a long-standing proactive focus on the facilities service and environmental services space. In July 2011, New Mountain sold Oakleaf Global Holdings, Inc. to Waste Management. However, New Mountain elected to spin-off and retain Valet Waste because the firm saw significant opportunity for long-term growth and value creation at Valet.