Equity firm takes stake in Florida waste and recycling company

Buffalo, New York-based private equity firm Summer Street Capital Partners LLC has announced an investment in Coastal Waste and Recycling of Pompano Beach, Florida.

Summer Street says it has partnered with Brendon Pantano, CEO of Coastal Waste, to execute what it calls an aggressive growth strategy to build a regional solid waste and recycling platform. Over the past 12 months, Coastal has completed four acquisitions in Southeast Florida, acquiring Nu-Way Recycling, Aquarius Recycling, Thoroughbred Waste and Mammoth Recycling.

“Summer Street has a wealth of experience and direct industry knowledge that is unique to a financial partner,” says Pantano. “They have been building independent, regional solid waste and recycling platforms for nearly two decades, and understand that to succeed and grow, Coastal must become the buyer of choice in the market, earning the trust and confidence of business owners and customers.”

“Summer Street and Management share a clear vision for Coastal Waste – build a full-service solid waste platform, differentiating ourselves through customized, professional and reliable services to our customers,” says Brian D’Amico, Summer Street’s managing partner. “Coastal has achieved remarkable growth in the last 12 months. Even more remarkable are the employees of Coastal, whose dedication, integrity, and dependability will drive the company’s continued success.”