Emerald Waste Services Consolidates

Emerald Waste Services, LLC (“Emerald”), a WHI Capital Partners portfolio company formerly known as Waste Recyclers Holdings, today announced the acquisition of Disposal Depot, Inc. and MB Environmental, Inc., two solid waste services companies located in Northwest Florida.

“These transactions have strengthened all areas of our business, created significant synergies through route consolidation and operational improvements and solidified our position as the region’s leading full-service waste company”, said Emerald Waste Services’ CEO Bart Begley. Mr. Begley added, “We have assembled an outstanding management team, and with the continued guidance and support of WHI Capital Partners, we feel confident in our ability to successfully execute our plan and move quickly on those opportunities presented to us.“

With the acquisition of Disposal Depot’s permitted 60-acre construction and demolition (C&D) landfill site, Emerald now owns six of the region’s eight sites, making it by far the area’s largest site owner with more than 28 million cubic yards of C&D landfill capacity. It has also gained thousands of new customers, dozens of front and rear-loading and roll-off trucks, several portable toilet service vehicles, and almost 1,000 roll-off containers. The company is now one of only two area waste firms with both rear and front-loading capabilities.

Emerald’s coverage area along Florida’s Emerald Coast, which stretches from Pensacola to Tallahassee, continues to experience very strong population growth, commercial and residential real estate development and expanding military facilities. With these acquisitions, Emerald is well positioned to meet the region’s growing needs in construction and demolition, commercial and residential waste collection, and portable toilet rental and service.

Emerald was created in January 2006 by WHI Capital Partners, a Chicago-based private equity firm targeting investments in the lower middle market, when it purchased two other solid waste services companies to form Emerald as a platform company.

“Working in combination with an outstanding senior management team at Emerald along with the support and cooperation of our senior lender Comerica Bank, we were able to orchestrate a very quick closing and begin focusing on delivering the synergies these acquisitions provide to us. said WHI Capital Partners’ Managing Partner Adam Schecter. “Bart Begley and the senior management team have done an exceptional job identifying these opportunities as well as executing on our integration plans.”