Stout served as the exclusive financial advisor to Rainbow Environmental Services in the sale of its business. Rainbow, a leading waste management and recycling company based in Huntington Beach, CA, was acquired at a premium price by Republic Services, Inc., one of the largest waste management companies in the United States. The acquisition provided Republic with long-standing exclusive waste-hauling franchise agreements with three of the largest service areas in Orange County, CA, and enhanced Republic’s material processing and recycling footprint in the region.