Multiple acquisitions recently closed involving private equity-backed companies that specialize in long-haul transfer and other industrial waste services.
Bulk Express Transport, a portfolio company of Alterna Equity Partners, has acquired Attaway Hauling and related company Choice Bulk Carriers. Florida-based Bulk Express provides long-haul transportation services for a range of waste and recycling streams, as well as transfer station management and related services. Georgia-based Attaway provides “numerous waste and industrial services to clients including transfer station management, disposal hauling and liquid bulk hauling” in its home state, as well as Alabama and Tennessee.
Browns Gibbon Lang & Co., which advised Attaway on the deal, said the acquired companies have approximately 200 trucks, 200 employees and service more than 50 transfer stations in the region.
“The Bulk Express family of companies is excited to partner with the management team at Attaway to facilitate the next phase of growth for both companies within the region," said Bulk Express CEO Steve Worster in a statement. “Bulk Express has a well-established track record supporting top tier clients, and Attaway’s stellar reputation is a strong complement to our existing position in the Southeast.”
Alterna acquired the Bulk Express group — which also includes Soil Tech Distributors, M3 Transport and Inter City Disposal — in December.
In a separate deal, private equity firm Allied Industrial Partners announced a “significant investment” in Houston-based Mat Tech Industrial Services. Specific terms were not disclosed. Mat Tech provides a range of waste and environmental services offerings, such as “collection and disposal of industrial waste streams, and specialty industrial rental equipment, including mats for heavy equipment operations and temporary access roads, as well as emergency response solutions.”
"AIP's deep investment and operating experience in the waste and rental sectors will be a significant advantage to Mat Tech as we seek both acquisitions and organic growth opportunities," said CEO Mike Tinnin in a statement.
This is the latest of multiple waste-related deals led by Allied, following the prior acquisitions of notable stakes in Georgia-based Waste Eliminator and North Carolina-based Wall Recycling.
