National Waste Management Holdings acquires New York company

National Waste Management Holdings Inc., a vertically integrated solid waste management company with a concentration on construction and demolition debris (C&D) collection, hauling and recycling headquartered in Holder, Florida, announces that it has acquired Burts Refuse LLC, continuing its commitment to completing one acquisition per quarter.

Burts Refuse is a waste disposal and recycling business located in West Davenport, New York. The acquisition of the company, which closed Feb. 28, increases National Waste's territory for commercial and residential garbage collection in Upstate New York, as well as expands its roll-off customer base and business relationships.

Additionally, the acquired trucks, equipment and containers fortify National Waste's existing line of equipment.

"We are pleased to demonstrate to shareholders our ability to execute an aggressive acquisition strategy," says Louis Paveglio, CEO of National Waste Management. "This approach exemplifies the hard work of our team to identify and pursue acquisition targets that supplement our existing operations while facilitating additional growth."

The transaction is a direct tuck-in of operations in which National Waste will not absorb the overhead of Burts Refuse, allowing for expected earnings before interest, tax, depreciation and amortization (EBITDA) numbers in the 45 percent range of carved-out operations.