NewHold Enterprises, LLC, a holding company focused on long-term ownership and acquisition-led growth of middle-market industrial and services companies, announced American AllWaste LLC acquired the assets of Highway Environmental, LLC, a major provider of non-hazardous, liquid-waste transportation services based in Chattanooga, TN.
“Building the premiere, non-hazardous liquid waste business in the southeast United States is our top priority at AllWaste, and this acquisition gets us one step further toward that goal,” said Kevin Charlton, chairman of AllWaste and co-chairman of NewHold. “Highway has a seasoned management team with tremendous expertise in waste transportation and logistics. By bringing Highway into the AllWaste family, it further demonstrates our commitment to remain the acquirer of choice for regional, family-owned companies that seek liquidity.”
Highway’s footprint covers multiple southeastern and midwestern states, including Tennessee, Georgia, Alabama, Kentucky, Illinois, Texas, North Carolina, South Carolina, Arkansas, Mississippi, Virginia, West Virginia, Indiana and Louisiana. Though capable of handling a variety of waste streams, Highway maintains a particular focus on landfill leachate services.
“Since 2011, Matt McElhaney and his team have built Highway into a market leader throughout the region for non-hazardous, liquid waste transportation,” said American AllWaste CEO, Darrell Rogers. “Its ability to grow a substantial footprint, while maintaining exemplary service in a relatively short period of time, speaks volumes as to the strength and commitment of its management team and dedicated drivers. Adding Highway to our family of companies is an exciting opportunity to collaborate and help them achieve new levels of success.”
“With American AllWaste’s existing footprint in Tennessee, I’m confident this will be a winning combination for our customers and employees,” said Highway’s Founder and CEO, Matthew McElhaney. “The combination of our two operations will provide even greater opportunity and additional resources to continue our focus on customer service and growth. We’re ready to get started!”