Farragut Invests in Clean Water Environmental, LLC

WASHINGTON, D.C. – Farragut Capital Partners, Inc. is pleased to announce the closing of an investment in Clean Water Environmental, LLC, ("CWE" or the "Company"), an Ohio-based processor of hazardous and non-hazardous wastewater which operates two facilities, one in Dayton and the other in Mansfield, OH.  Farragut provided unitranche debt to refinance the balance sheet and provide growth capital that will enable the Company to significantly expand capacity at its Dayton facility.

CWE (www.cleanwaterenv.com) is a processor of hazardous and non-hazardous wastewater. The Company offers state-of-the-art wastewater treatment and removal, hazardous waste disposal, oil recycling, waste transportation via Company vacuum tankers and tank trucks, and on-site analytical services.  CWE also operates the region's largest permitted Central Water Treatment facility capable of managing hazardous wastewaters.  More recently, the Company expanded into the airbag inflator disposal and recycling market, helping to dispose of recalled airbags which contain ammonium nitrate as the propellant.

Farragut's growth investment will support the building of a new biological treatment plant at the Company's Dayton location to accommodate existing and future hazardous and non-hazardous wastewaters, significantly expanding capacity.  The Company, which traces its roots back to the establishment of the Dayton facility in 1941, is led by CEO and long-time industry veteran John Staton.  CWE is a portfolio company of San Francisco, CA-based Hunting Dog Capital.

Javier Aguirre of Farragut Capital Partners said of the transaction, "We're excited to partner with CWE, its management team, and Hunting Dog Capital to facilitate growth and support investment in the Company's Ohio facilities.  CWE continues to improve wastewater treatment offerings for its customers and we look forward to working with John and the team to continue the strong momentum in the years ahead."

"We appreciated Farragut's flexibility and common-sense approach to meeting CWE's needs to execute its growth strategy and look forward to partnering with Javier and his team," said Todd Blankfort of Hunting Dog Capital.