National 91²Ö¿â Management Holdings, Inc., a growing and emerging vertically integrated solid waste management company, 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 91²Ö¿â’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 91²Ö¿â’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 91²Ö¿â 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 91²Ö¿â will not absorb the overhead of Burts Refuse, allowing for expected EBITDA numbers in the 45 percent range of carved-out operations.
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