National Waste Management Holdings acquires Waste Recovery Enterprises

National Waste Management Holdings acquires Waste Recovery Enterprises

Florida C&D firm expected to generate $1.5 million with New York-based solid waste firm.

October 30, 2015
CDR Staff
C&D

National Waste Management Holdings Inc., Hernando, Florida, has announced it has completed its acquisition of Waste Recovery Enterprises LLC located in Bainbridge, New York for $250,000 and 2.75 million restricted shares.

The definitive membership interest purchase agreement provides for the purchase of all of the outstanding membership interest of Waste Recovery Enterprises LLC by National Waste Management Holdings Inc. The completed acquisition is expected to generate revenue for National Waste in excess of $1.5 million annually with gross profit margins of approximately 45 percent.

Waste Recovery Enterprises operates a permitted waste processing and disposal facility in Bainbridge, New York, about 200 miles northwest of New York City. The facility has been in continuous operation since 1998 and principally serves the northeastern U.S. industrial and residential markets.

"The addition of this facility to National Waste's family of permitted facilities provides us with a northeastern presence and an exceptional platform to better serve and expand into key waste markets," says National Waste's CEO, Louis Paveglio. "Waste Recovery's facility will allow us to enhance our service offering, bid and win more work, and increase penetration of key accounts."

"The acquisition of Waste Recovery is consistent with our business strategy to acquire facilities that increase our geographic footprint, augment services to existing customers, and attract new customers in under serviced markets," adds Jeff Chartier, president of National Waste. About National Waste Management Holdings Inc.

National Waste Management Holdings Inc., is a growing and emerging vertically integrated solid waste management company with a concentration on C&D collection, hauling and recycling. National Waste services Florida's west coast and upstate New York and is a distinguished leader in solid waste services.