In an efficient rollover, National Waste Management Holdings Inc. recently announced an all-cash purchase of Sivart Services LLC, a company in Worchester, New York, via a transaction expected to produce immediate income for the company.
"This acquisition allows us to expand our footprint in the northeast,” National Waste Management Holdings Inc. CEO Louis Paveglio said. “Currently, we have a permitted waste facility in Bainbridge, New York, and the acquisition of Sivart adds tremendous synergies to this business. In connection with the transaction, we have acquired all of Sivart's contracts and equipment, with some of this equipment being sent to Gateway Rolloff services to help with their rapid growth in Florida.”
A roll-off is typically a large, rectangular dumpster bin with an open-top design outfitted with wheels for mobility. Roll-offs are commonly used to transport loads of construction and/or demolition debris from building or renovation sites.
“This is one of many acquisitions we have lined up this year, which is consistent with our business strategy to acquire facilities that increase our geographic footprint, augment services to existing customers, and attract new customers in under-serviced markets," Paveglio said.
Headquartered in Hernando, National Waste Management Holdings Inc. is a solid waste management firm specializing in C&D collection, hauling and recycling. Servicing Florida's west coast and the upstate New York region, the company is a vertically integrated provider of landfill, roll off, mulch and recycling services.
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