EC Waste, LLC, a fully integrated solid waste services provider in Puerto Rico, announced the acquisition of Republic Services of Puerto Rico, a subsidiary of Republic Services, Inc. (NYSE: RSG) effective September 1, 2020. Financial terms were not disclosed. “The acquisition of Republic Services of Puerto Rico enhances EC Waste’s existing capabilities with the addition of two landfills, a transfer station and two hauling operations. The combined business operates four landfills, three transfer stations and four hauling operations, expanding EC Waste’s position as a leading provider in Puerto Rico,” said EC Waste President and CEO Randy Jensen. Jensen added, “On top of our commitment to environmental compliance, EC Waste offers its customers a high-end technology operating platform that enhances the customer and employee experience by allowing for seamless service and scheduling requests, customer signatures and payments all within one easy to use portal.”
Post Capital Partners and Mr. Jensen originally partnered to acquire EC Waste in April 2014 through the fund’s Executive Partnership Program. Jensen, an Executive Partner with Post Capital, worked closely with Post Capital’s investment team to identify and structure the EC Waste transaction and moved to Puerto Rico to become EC Waste’s CEO upon closing. “The acquisition and integration of Republic Services of Puerto Rico presents another opportunity for Randy to showcase his skills as a strong waste management operator, while utilizing only company owned and operated facilities,” stated Michael Pfeffer, Managing Director and co-founder of Post Capital Partners.