Summer Street Capital Partners, a private equity fund based in Buffalo, New York, has completed an equity investment in Action Environmental Services, a provider of waste management services for the business community in the City of New York.
The investment will support the acquisition of select New York City assets from Republic Services.
"The addition of these assets, including two transfer stations, positions Action to serve our customers more effectively in the highly competitive and demanding New York City market," says Ron Bergamini, Action’s chief executive. "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.
Brian D’Amico (pictured), Summer Street managing partner and head of the firm’s environmental services investment team, says: "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."
Summer Street joins Ironwood Capital as private equity partners to finance the acquisition of the assets.
