Summer Street Capital Partners LLC has made an investment in South Florida-based Coastal Waste and Recycling, a solid waste disposal and recycling company. No financial terms were disclosed.
BUFFALO, N.Y., Oct. 24, 2018 /PRNewswire/ — Summer Street Capital Partners, LLC (www.summerstreetcapital.com), a private equity fund based in Buffalo, NY, announces its investment in Southeast Florida waste and recycling platform, Coastal Waste and Recycling, Inc. (www.coastalwasteinc.com).
Summer Street partnered with industry veteran, Brendon Pantano, to execute an aggressive growth strategy and build a regional solid waste and recycling platform. Over the past 12 months, Coastal has completed four acquisitions across the Southeast Florida market, including Nu-Way Recycling in Martin County, Aquarius Recycling and Thoroughbred Waste in Palm Beach County, and Mammoth Recycling in Broward County.
“Summer Street has a wealth of experience and direct industry knowledge that is unique to a financial partner,” said Coastal Waste and Recycling CEO Brendon 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,” commented Brian D’Amico, Managing Partner at Summer Street Capital. “Coastal has achieved remarkable growth in the last twelve months. Even more remarkable are the employees of Coastal whose dedication, integrity, and dependability will drive the company’s continued success.”
About Coastal Waste & Recycling, Inc.
Coastal Waste & Recycling is a privately owned, locally operated solid waste disposal and recycling company. Focused exclusively on serving people and businesses across South Florida, Coastal Waste delivers customized, professional, and reliable services. Whether you’re a homeowner cleaning out your garage, a hauler with mixed waste and recyclables, or a developer building South Florida’s next skyscraper, Coastal Waste provides effective waste and recycling solutions to meet your every need. Coastal Waste follows rigorous procedures to ensure safe and proper disposal, minimizing the impact on the environment and keeping our community clean. Visit www.coastalwasteinc.com for more information and service areas.
ABOUT SUMMER STREET CAPITAL PARTNERS LLC
Summer Street Capital Partners, LLC, founded in 1999, is a Buffalo, NY-based private equity fund manager with committed capital focused on investing in small and middle market companies with a focus on the environmental services sector. The firm invests alongside talented managers, bringing capital and resources to support acquisitions and aggressive growth strategies. Summer Street’s investors include leading pension funds and insurance companies. Summer Street’s investments support management buy-outs, family transitions, corporate divestitures, growth financings, and recapitalizations. Visit www.summerstreetcapital.com for additional information.