The investment will enable Action Environmental Services to acquire select New York City assets from Republic Services, including two transfer stations that will help Action serve its customers in the New York City market.
Action Environmental Services provides the local university, hospital, sports stadium, and corporate market with waste collection services and technologies to help them meet their objective to reduce, reuse and recycle.
Through the acquisition of the two new transfer stations, the company hopes to increase the quantity and quality of its waste collection and recycling capabilities to better serve its customers.
Summer Street financed the acquisition of these strategic assets in collaboration with its private equity partner Ironwood Capital.
Summer Street managing partner Brian D’Amico said that after working and investing together in a successful environmental services company in the early 2000s, the company is thrilled to have the opportunity to invest again in support of the talented team at Action.
