Harvey & Company Participates in Recapitalization of Florida-based Southern Waste Services
Harvey& Company initiated and invested in the new platform acquisition of Southern Waste Services, Inc. Below is the press release following the transaction:
Southern Waste Services, Inc. Announces Investment by ShoreView Industries
January 9, 2008
Panama City, FL – Southern Waste Services, Inc. (“SWS”), (D/B/A SWS First Response and SWS Remediation), a leading environmental services firm with sixteen service centers located throughout the Southeastern United States, is pleased to announce an investment by ShoreView Industries to provide growth capital for the Company. ShoreView Industries is a Minneapolis, Minnesota based firm that manages $600 million in private equity funds. ShoreView invests in established, middle-market companies with operations in North America, across a wide range of industries.
ShoreView joins the management team and founding family as the major shareholders of SWS following the owners’ interest in identifying a financial sponsor to support the Company’s continued growth. “We are excited to work with ShoreView and its team in order to pursue strategic acquisitions, establish new service center locations, expand existing services, and offer new services,” said SWS President Jim Weber, Jr. “ShoreView’s exceptional investment track record and capital base will be invaluable to SWS as we evaluate our numerous growth alternatives.”
“We have had an interest in the environmental services industry for some time and feel fortunate to partner with Jim and his team,” said ShoreView Principal Brett Habstritt. “SWS has a leading reputation in environmental emergency response and disaster recovery and offers tremendous industrial and planned remediation services to its blue chip customer base.”
ShoreView’s investment follows a thorough review of the industry. Terms of the transaction were not disclosed.
About Southern Waste Services, Inc.
Southern Waste Services, Inc. provides turn-key environmental services for industry and government. SWS offers a broad range of capabilities that include: Emergency Spill Response for Petroleum & Chemical Products, Hazardous Materials, Hazardous Wastes and Bio-Hazardous Wastes, Industrial Maintenance Services, Vacuum Truck Services, Remediation, Training and Disaster Recovery & Cleanup.
SWS specializes in providing around the clock emergency spill response and remediation services to clients world wide. Employing strong management practices and quality work ethics, while working closely with our customers and regulatory agencies, SWS provides rapid, safe, and efficient solutions for our clients’ environmental problems.
Service Centers are strategically located throughout the Southeast: Pensacola, Panama City Beach, Tallahassee, Jacksonville, Orlando, Lake Wales, Tampa, St. Petersburg, Ft. Myers and Ft. Lauderdale in Florida; Birmingham and Decatur in Alabama; Atlanta and Savannah in Georgia; Paducah, Kentucky; and Nashville, Tennessee. With an extensive network of pre-negotiated pricing agreements with other Emergency Response contractors and incident command providers, SWS response capabilities are virtually unlimited!