Ninefold is a permanent capital vehicle designed specifically for environmental services with an aim 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 environmental services 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, and create long-term shareholder value without any 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, Industrial or Hazardous Waste Hauling
  • Transfer Stations, Composting Facilities & MRFs
  • Environmental Consulting
  • Waste and Energy Reduction Solutions and Software

Ownership

  • Majority control or significant minority with strong governance rights

  • Founder / family succession planning

  • Corporate carve-outs / divestitures

 

 

Leadership

Sambhav Ahuja

Principal

Sambhav brings extensive experience executing $600M+ in 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 and investment strategy. He closed $25M in acquisitions including a 250 TPD recycling facility and a construction waste transfer station, won multiple municipal contracts, 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 the platform.

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 across 10 growth-stage businesses as part of the investments team at Snapdeal, a $6.5B SoftBank-backed e-commerce platform, including leading India's largest Digital Wallet acquisition at the time.

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

Get in Touch

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

Email: Sambhav@ninefoldsearch.com