HERNANDO, Florida, June 16, 2016 /PRNewswire/ --
National Waste Management Holdings, Inc., (OTCQB: NWMH) announces that its Waste Recovery Enterprises subsidiary has completed its acquisition of Sivart Services, LLC, a roll-off and compactor company located in Worchester, NY, in an all cash transaction. The acquisition is expected to generate immediate revenue for the Company.
Louis Paveglio, CEO of National Waste Management Holdings Inc., stated, "This acquisition allows us to expand our footprint in the northeast. Currently, we have a permitted waste facility in Bainbridge, NY and the acquisition of Sivart adds tremendous synergies to this business. In connection with the transaction, we have acquired all of Sivart's contracts and equipment, with some of this equipment being sent to Gateway Rolloff services to help with their rapid growth in Florida. This is one of many acquisitions we have lined up this year, which is consistent with our business strategy to acquire facilities that increase our geographic footprint, augment services to existing customers, and attract new customers in under serviced markets."
About National Waste Management Holdings Inc.:
National Waste Management Holdings Inc., is a growing and emerging vertically integrated solid waste management company with a concentration on C&D collection, hauling and recycling. National Waste services Florida's west coast and upstate New York and is a distinguished leader in solid waste services. More information may be found at the Company's website: http://www.nationalwastemgmt.com.
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form SEC filings.
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SOURCE National Waste Management Holdings Inc