National Waste Management Holdings, Inc. announces that its Waste Recovery Enterprises subsidiary has completed its acquisition of Sivart Services, LLC, a roll-off and compactor company located in Worcester, NY, in an all cash transaction. The acquisition is expected to generate immediate revenue for the Company.
Louis Paveglio, CEO of National Waste Management Holdings Inc., stated, “This acquisition allows us to expand our footprint in the northeast. Currently, we have a permitted waste facility in Bainbridge, NY 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. 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.”