Summer Street Capital Announces Investment in Action Environmental Services

[8/6/2010] Summer Street Announces Investment in Action Environmental Services

 

BUFFALO, NY, August 6, 2010 - Summer Street Capital Partners LLC, a private equity fund based in Buffalo, NY, announced today that it has completed an equity investment in Action Environmental Services, a leading 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, Inc. (NYSE: RSG). “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,” said Ron Bergamini, Action’s CEO. 

 

Bergamini continued, “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 their recycling capabilities, further advancing Action’s mission to be the foremost environmentally friendly collection & recycling provider in the city.

 

Brian D’Amico, Summer Street managing partner and head of the firm’s environmental services investment team, commented: “After working and investing together in a successful environmental services company in the early 2000’s, 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 these strategic assets. 

 

ABOUT ACTION CARTING ENVIRONMENTAL SERVICES
Founded in 1999 by John Glauda, Action Environmental Services is a leading provider of solid waste collection and environmental services for the business community of New York’s five boroughs.  Action is headquartered in Newark, with key operations and facilities in the Bronx.  With more than 350 employees, 110 trucks, a material recovery facility and two transfer stations, Action provides the highest quality solid waste, recycling, collection and disposal services. Action also offers customers leading “green” solutions, including composting and light bulb recycling.  For more information, please visit www.actioncarting.com.

 



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