CJW provides waste and recycling services to the New Jersey and Pennsylvania markets.
Synergy Environmental Corp., an affiliate of the an Atlanta-based private equity firm Roark Capital Group
, has acquired Central Jersey Waste and Recycling Inc.
(CJW) along with its sister companies Premier Food Waste Recycling Inc. and Central Repairs Inc.
CJW provides waste and recycling services to the New Jersey and Pennsylvania markets. Headquartered in Ewing, N.J., CJW provides nonhazardous solid waste collection, hauling and processing services to nearly 30 municipalities and approximately 1,000 commercial customers. The company also collects and transports organic and food waste products for commercial and residential customers.
Roark says it formed Synergy to serve as a growth platform with the goal of building a scalable and integrated solid waste focused environmental services operation. Roark says it has committed substantial additional equity capital to Synergy to fund organic and acquisition based growth.
Synergy will be led by Ed Apuzzi, CEO, and Joe LoVerde, COO, who previously ran Progressive Waste's operations in the northeastern United States.
"We are excited to partner with Ed, Joe and the team at CJW to support their goal of continued growth and high standards of quality customer service,” says Jeffrey Keenan, president of Roark Capital Group. “We believe New Jersey represents an ideal market to build a high-quality, diversified environmental services provider."
According to Apuzzi, "Roark's dedicated environmental services team and operational experience will provide us with the additional resources needed to accelerate CJW's organic and acquisition growth while continuing to provide superior service and environmentally friendly solutions throughout the region."
LoVerde adds, "Ed and I are excited to begin this new partnership with CJW. The company has an outstanding reputation for delivering superior service to its customers. We look forward to working with Roark to support the company's growth initiatives."