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Announced

Completed

Summer Street Capital Partners-backed Action Environmental Group completed the merger with Prophet Equity-backed Apex Environmental.

Synopsis

Summer Street Capital Partners-backed Action Environmental Group completed the merger with Prophet Equity-backed Apex Environmental. The merged Apex-Action company conducts operations under the Interstate Waste Services brand, the largest privately-held, vertically-integrated provider of solid waste collection, transfer, recycling and disposal services serving the greater New York City and Northern New Jersey markets. Littlejohn led the equity financing to facilitate the transaction. Financial terms were not disclosed. "The Prophet Equity team was critical in supporting Apex’s initial acquisition as well as the organic and acquisition-led growth within the highly attractive northern New Jersey solid waste market. Their partnership has enabled the creation of the vertically integrated solid waste platform at IWS. We could not be more excited about both these accomplishments and our next phase of growth on this platform," Darren Rizzo, Apex President.

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