Stella Environmental Holdings Inc, which is backed by Hidden Harbor Capital Partners, has acquired Statesboro, Georgia-based of Rackleff Enterprises LLC, a transfer station management company. No financial terms were disclosed.
Houston, Texas, October 4, 2017 – Stella Environmental Holdings, Inc. (“Stella”), a Hidden Harbor Capital Partners portfolio company that provides transfer station management and municipal waste logistics services, today announced the purchase of Rackleff Enterprises, LLC (“Rackleff”), expanding its geographic footprint, diversifying its customer base, and strengthening its existing facility management, hauling, and loading capabilities.
Headquartered in Statesboro, GA and operating seven transfer stations in the Southeast, Rackleff is a highly regarded transfer station management company with a thirteen-year track record of delivering exceptional service and results to its strong customer base in the municipal solid waste industry.
“This acquisition strengthens our position in the transfer station management industry by expanding our reach and deepening our capabilities. Rackleff’s operational expertise and steadfast commitment to its customers align strongly with Stella’s core values, and its leadership position in the Southeast will help drive our continued growth,” said Wilfred Roth, CEO of Stella.
“Rackleff has developed a great relationship with the Stella team over the past couple years, and we are excited to join such a strong, well respected company,” said Kevin Rackleff, President of Rackleff. “Joining a larger platform will allow us to pursue additional growth opportunities and gain operational efficiencies, while continuing to exceed our customers’ expectations.”
Stella was formed as a standalone company after the acquisition by Hidden Harbor Capital Partners from Action Resources in August 2017. Stella’s acquisition of Rackleff Enterprises closed on September 28, 2017.
About Stella Environmental Holdings
Stella, based in Houston, TX, plays a crucial role in the processing and safe disposal of municipal solid waste. The Company provides outsourced transfer station management services, including the loading and transportation of waste from in-town processing facilities to remote landfills, to integrated waste companies and municipalities. Transfer stations are a vital part of the waste collection and disposal process, improving the efficiency of the overall waste stream and reducing capital requirements and operating costs for customers. http://stellaenv.com/
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Our principals are Investor Operators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes. We seek to invest in businesses with $5.0 to $25.0 million in EBITDA across several industries, including Industrials, Business Services, Transportation & Logistics, and Consumer Products. For more information, visit www.hh-cp.com.