Welcome to Ninefold Capital

We are building a permanent capital vehicle designed specifically for the waste management industry's unique characteristics and the need for patient capital to achieve true vertical integration.

Core Pillars of Investment

Partnership-Driven Approach

We believe the best outcomes are achieved when we work alongside business owners and management teams as true partners. Our focus is on collaboration, trust, and aligning incentives for long-term success.

Operational & Strategic Expertise

Guided by proven operators with decades of experience acquiring, integrating, and professionalizing waste businesses. We bring institutional best practices while preserving family legacies.

Long-Term Value Creation

Our investment philosophy is rooted in building enduring businesses. Unlike traditional private equity funds, our indefinite hold period allows us to align with industry cycles, pursue multi-year permitting processes, and build long-term enterprise value without exit pressure.

Investment Strategy

We target control acquisitions of profitable, family-owned environmental services businesses, and focus on creating value through vertical integration, flow control and building regional density.

Target Profile

  • Revenue: >$5M
  • EBITDA: >$1M
  • Strong cash flows
  • History of winning and retaining long-term customer / municipal contracts

Geography

  • U.S. headquartered businesses
  • Preference for California based businesses with strong regional foothold

Services Focus

Environmental Services and Support businesses including:

  • Municipal & Commercial Hauling
  • Debris Box & Roll-off Services
  • Industrial and Hazardous Waste Management
  • Transfer Stations & MRFs
  • Portable Sanitation
  • Environmental Consulting

Ownership

  • Majority control or significant minority with strong governance rights

  • Founder / family succession planning

  • Corporate carve-outs / divestitures

 

 

Leadership

Behind every service we provide is a dedicated team of professionals, each bringing their unique expertise and enthusiasm to our business.

Sambhav Ahuja

Principal

Sambhav brings 12 years of experience executing M&A transactions, driving operational improvements, and building businesses across private equity, corporate development, and strategy consulting.

Most recently at GreenWaste Recovery, a Macquarie Asset Management portfolio company, Sambhav led the waste platform's growth strategy. He closed $25M in acquisitions including a 250-ton-per-day recycling facility and a construction waste transfer station, won 8 municipal contracts generating, and implemented state-of-the-art AI-powered robotics technology significantly improving waste recovery. He also managed the company's $400M debt repricing and built institutional-grade financial infrastructure for a platform processing 12,000 tons per day.

Prior to GreenWaste, Sambhav executed leveraged buyouts at Maxim Partners, a Chicago-based consumer and healthcare private equity fund, and led commercial due diligence for mid-market PE transactions at KPMG across Europe and Asia. Earlier in his career, he invested $600M+ across 10 early to growth-stage businesses as part of the investments team at Snapdeal, a $6.5B SoftBank-backed e-commerce platform, including leading India's largest FinTech acquisition at the time.

Sambhav holds an MBA (with Honors) from the University of Chicago Booth School of Business. He also holds a Post Graduate Diploma in Management and a Bachelor of Engineering in Manufacturing Processes and Automation.

Get in Touch

Have a question or want to schedule an appointment? Reach out to through the contact form below.

Email: Contact@ninefoldsearch.com