Roark Capital Group acquires Central Jersey Waste and Recycling
Private equity firm Roark Capital Group has acquired Central Jersey Waste and Recycling and its sister entities, Premier Food Waste Recycling and Central Repairs (collectively CJW).
CJW is a provider of waste and recycling services to the New Jersey and Pennsylvania markets.
Headquartered in Ewing, New Jersey, CJW provides non-hazardous 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 formed Synergy to serve as a growth platform with the goal of building a scalable and integrated solid waste focused environmental services operation. Synergy will be led by Ed Apuzzi (CEO) and Joe LoVerde (COO), who previously ran Progressive Waste's operations in the north-eastern US. Roark has committed substantial additional equity capital to Synergy to fund organic and acquisition based growth.
"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. We believe New Jersey represents an ideal market to build a high quality, diversified environmental services provider," says Jeffrey Keenan, president of Roark Capital Group and head of Roark's environmental services team.
Apuzzi says: "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."
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