OAKLEAF Appoints William T. Monahan To Its Board Of Directors

Monahan Brings Global Market Perspective and Know-How to Leading Waste and Recycling Company

EAST HARTFORD, CT. (August 8, 2008)-- OAKLEAF, the nation’s leading provider of waste and recycling services, is pleased to announce  the appointment of William T. Monahan to its Board of Directors. Mr. Monahan has more than 35 years of experience in global business development in a variety of industries including telecommunications, manufacturing and electronics. With extensive leadership experience in management, sales and marketing, Mr. Monahan will provide strategic insight and depth to OAKLEAF’s Board of Directors. 

“I look forward to having him serve on OAKLEAF’s Board of Directors and feel confident in Bill Monahan’s ability as a strategic thinker,” said Jim Barnes, Chief Executive Officer, OAKLEAF.  “As OAKLEAF continues to grow its portfolio, Bill’s extensive experience in the global marketplace will provide an extremely valuable perspective for OAKLEAF. Bill has a consistent and proven track record of initiating solid financial business decisions in various industry environments.”

Most recently, Mr. Monahan was Chairman and Acting Chief Executive Officer of Novelis, Inc., a $6 billion dollar manufacturer of aluminum rolled semi-finished products. Monahan served on the Novelis Board of Directors for many years, guiding it though its recently completed sale to India’s Hindalco Industries.

Prior to Novelis, Mr. Monahan spent nearly a decade as Chairman and Chief Executive Officer of Imation Corporation, a spin-off of 3M Corporation that manufactures magnetic and optical data storage media. During his tenure, Monahan led Imation from a $450 million in debt position with $0 cash flow to $0 debt and $400 million cash flow. His success at Imation inspired him to author a book entitled Billion Dollar Turnaround: The 3M Spinoff that Became Imation. 
 
Mr. Monahan spent 23 years of his illustrious career holding numerous executive level positions at 3M Corporation. He served as Group Vice President for 3M’s Electronic and Electrical Group, President of 3M Italy, Vice President of 3M Data and Storage Division, General Manager of 3M Data Storage Division, International Director of 3M Data Storage Division, Manager as well as a myriad of sales and marketing positions for 3M Data Storage Division.

A resident of West Chester, Pennsylvania, Mr. Monahan holds an MBA in Finance and Marketing from Rutgers Graduate School of Business and a BS in Economics from St. Peters College in New Jersey.   

About OAKLEAF 
OAKLEAF, founded in 1995, is an authority in providing sustainable waste logistics and recycling solutions for a broad base of multi-location retail, restaurant, hotel, manufacturing, property management and mall clients including Sears, United Technologies, Kmart, GAP, TGI Fridays and more.  As the most rapidly growing waste outsourcing company in the nation with operations throughout the United States and Canada, an employee base of more than 750 employees, and a nationwide network of over 5,500 certified haulers, recyclers, and waste diversion experts, OAKLEAF provides services to over 100,000 locations throughout North America.  OAKLEAF is backed by New Mountain Capital who provides significant financial and strategic resources to help continue OAKLEAF’s strong growth and superior service to its customers. OAKLEAF has been recognized eleven times since 2001 by Inc. Magazine, including being named four times to the Inc. 500 List (now the Inc. 5000 List) and being recognized seven times by ICIC, the Initiative for a Competitive Inner City.  Subsidiary operations include Valet Waste (doorstep trash pick up for the multifamily industry), IEM (mall services), WasteLess Environmental Management (waste logistics solutions for Canadian companies), and Greenleaf Compaction (equipment rentals, leases, and sales).  OAKLEAF is also the exclusive provider of dumpster services for The Home Depot Dumpster Rentals.  For more information on OAKLEAF, please visit www.oakleafwaste.com.

About New Mountain Capital
New Mountain Capital is a New York-based private equity firm investing for long-term capital appreciation through direct investment in growth equity transactions, leveraged acquisitions and management buyouts.  The Firm currently manages private and public equity funds with over $6 billion in aggregate commitments.  New Mountain seeks out the highest-quality growth leaders in carefully selected industry sectors, and then works intensively with management to build the value of these companies.  For more information on New Mountain Capital, please visit www.newmountaincapital.com.