HERNANDO, FL -- (Marketwired) -- 03/02/17 -- National Waste Management Holdings, Inc. (OTC: NWMH) ("National Waste"), a growing and emerging vertically integrated solid waste management company, today 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 February 28, 2016, 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 "Tiny" 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 EBITDA numbers in the 45 percent range of carved-out operations.
About National Waste Management Holdings Inc.
National Waste Management Holdings Inc. is a growing and emerging vertically integrated solid waste management company with a concentration on C&D collection, hauling and recycling. National Waste services Florida's west coast and upstate New York and is a distinguished leader in solid waste services. More information may be found at the Company's website: http://www.nationalwastemgmt.com.
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form SEC filings.
Source: National Waste Management Holdings, Inc.
Released March 2, 2017