Butler+ (fka Trash Butler) Receives Strategic Investment from TZP Group

TZP Group, a multi-strategy private equity firm managing approximately $2 billion, announced a strategic investment in Butler+ (fka Trash Butler) LLC, a national provider of tech-enabled doorstep valet trash and recycling solutions serving multi-family apartment communities.

Founded by Omar Soliman and Nick Friedman and based in Tampa, Florida, Butler+ positions itself as the second-largest doorstep valet trash and recycling service provider in the country. The company serves multi-family apartments, student housing, and condo communities, offering technology-enabled services designed to increase net operating income and asset values for property owners while providing residents with sustainable lifestyle options.

Erin Edwards, TZP Partner, highlighted the investment appeal: "The Company's unique value proposition for property managers, asset managers, communities, and residents, combined with their national footprint and scale creates significant opportunities for growth."

The co-founders emphasized alignment with their new partner. Nick Friedman noted enthusiasm for "a partner that not only has deep experience in scaling high-growth businesses but also shares our core values."

Erin Edwards led the transaction for TZP, with support from Ken Esterow, Choon Woo Ha, and Nandu Mandalap. Greenberg Traurig LLP served as legal counsel to TZP, and Trenam LLP served as legal counsel to Butler+. Lazard Frères & Co., LLC served as financial advisor to Butler+.

Date: July 10, 2023.