Equity Fund Invests in Action Environmental Services

Summer Street Capital Partners LLC (www.summerstreetcapital.com), a private equity fund based in Buffalo, N.Y., has announced an equity investment in Action Environmental Services (www.actioncarting.com), a Newark, N.J.-based provider of commercial waste management and recycling services.

The investment will support Action Environmental’s acquisition of two transfer stations and other assets in New York City from Republic Services Inc. “The addition of these assets positions Action to serve our customers more effectively in the highly competitive and demanding New York City market,” says Ron Bergamini, Action’s CEO.

Adds Bergamini, “We look forward to continuing to provide the local university, hospital, sports stadium, and corporate market with impeccable collection services and state-of-the-art technologies designed to help them meet their green objectives to reduce, reuse and recycle.”

The two new transfer stations will enable the company to increase the quantity and quality of its recycling capabilities, the company says in a news release, advancing Action’s mission to be “the foremost environmentally friendly collection and recycling provider in the city.”

“After working and investing together in a successful environmental services company in the early 2000s, we are thrilled to have the opportunity to invest again in support of the talented team at Action,” says Brian D’Amico, Summer Street managing partner and head of the firm’s environmental services investment team.

Founded in 1999 by John Glauda, Action Environmental Services is headquartered in Newark, with key operations and facilities in the Bronx borough of New York City. Action serves its commercial customer base with more than 350 employees, 110 trucks, a material recovery facility and two transfer stations More information on the company can be found at www.actioncarting.com.