Northborne Partners

MINNEAPOLIS, MN – July 1, 2025 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Paine’s (the “Company”) in connection with its acquisition by All American Waste. Financial terms were not disclosed.

Founded in 1929 and headquartered in East Granby, Connecticut, Paine’s is a leading regional provider of recycling and waste removal services to residential, municipal, commercial and industrial customers in the Greater Hartford and Northwestern Connecticut areas. Over the course of its 90+ year history, Paine’s has remained steadfast in its commitment to providing its customers with excellence in service, satisfaction and value.

Ben Marks, Managing Director at Northborne, commented, “Paine’s has a longstanding, exceptional reputation in the Connecticut market. It was a privilege working with the owners of Paine’s to find the ideal partner going forward, and we look forward to seeing Paine’s continued success as part of All American Waste.”

About Northborne’s involvement, Mike Paine, Vice President of Paine’s, commented, “The Northborne team’s M&A experience, strategic advice and expert guidance throughout the process were invaluable in helping us navigate the transaction to reach an exceptional outcome. We are excited for the future of Paine’s in this next chapter.”

Julie Paine-Miller, President of Paine’s, added, “We appreciated the hands-on approach by the Northborne team in helping us reach this successful transaction outcome.”

Bulkley, Richardson and Gelinas served as legal counsel to Paine’s.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the industrial, healthcare and food & consumer sectors, among others. It specializes in advising private-equity-owned and closely-held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

About Paine's

Founded in 1929, Paine’s is a leading regional provider of recycling and waste removal services in the Greater Hartford and Northwestern Connecticut areas. The Company serves a broad base of residential, municipal, commercial and industrial customers. For more information, please visit https://www.painesinc.com/.

About All American Waste

Founded in 1974, All American Waste provides a full range of waste and recycling solutions for residential, commercial, municipal and industrial customers. All American Waste offers services in Connecticut and Massachusetts. For more information, please visit https://www.allamericanwaste.com/.