Freeport, FL - June 5, 2006 – Waste
Recyclers Holdings, a WHI Capital Partners portfolio company, today
announced it has been renamed Emerald Waste Services to reflect its
full range of residential, construction and commercial waste service
offerings and its regional ties.
Based on the Emerald Coast of Northwest
Florida, the company has extensive operations in construction and
demolition, commercial and residential waste collection, as well as
portable toilet rental and servicing with more than 3,500 portable
toilets. Emerald Waste Services is poised to take advantage of the
Emerald Coast region’s strong population growth and expanding military
facilities, which have resulted in extensive residential and commercial
real estate development.
Emerald
owns and operates six construction and demolition landfills, making it
the market leader in construction and demolition disposal with more
than 28 million cubic yards under management. The company owns a fleet
of over 90 trucks and provides collection services to the area’s
construction, commercial and residential markets. Emerald services
over 2,600 construction and demolition customers, more than 700
commercial businesses in the region and more than 10,000 residential
units in Bay County. It also provides commercial and residential solid
waste services and operates a solid waste transfer station under
municipal contract to The City of Port St. Joe. On the military side,
Emerald services Tyndall Air Force Base and the US Naval Station
Coastal Systems Center. The company employs more than 140 people and
has operations in Freeport, Panama City and Port St. Joe, Florida.
“We
are excited that our growing company will be able to service more of
the area’s expanding needs,” said Emerald Waste Services CEO Bart
Begley. “We chose our new name primarily to solidify our ties to the
region, even as we grow. Emerald Waste Services’ is the leading
provider of solid waste services in Northwest Florida and we hope our
new name is soon associated with this leadership position.”
About Emerald Waste Services
Emerald
Waste Services (formerly Waste Recyclers Holdings), a WHI Capital
Partners portfolio company, is the market leader in solid waste
services in Northwest Florida. The company owns and operates six
construction and demolition landfill sites in the region, and runs a
fleet of over 90 trucks which provide waste collection services to the
construction, commercial and residential markets. The fleet services
Emerald’s portable toilet rental operation of more than 3,500 portable
toilets. Emerald Waste Services employs more than 140 people.
About WHI Capital Partners
WHI Capital Partners (www.whicapital.com) is a Chicago- based private equity firm that invests in leading niche manufacturing, value-added distribution and specialty service companies with revenues between $10 – 100 million. WHICP focuses on creating a true partnership with a company’s management team with the goal of enhancing operational efficiency along with developing and executing a clearly defined growth plan to build value. Backed by the financial strength and resources of its parent firm, William Harris Investors, Inc., WHI Capital Partners provides a unique solution to help a company capitalize on its opportunities over the long haul. For more information, contact Adam Schecter at (312) 621-0641 or adams@whicapital.com.