M&A Deal Summary

GPB Capital Acquires Joe Morea & Sons Private Sanitation

On July 27, 2017, asset manager GPB Capital acquired environmental company Joe Morea & Sons Private Sanitation

Acquisition Highlights
  • This is GPB Capital’s 2nd transaction in the Environmental sector.
  • This is GPB Capital’s 6th transaction in the United States.
  • This is GPB Capital’s 2nd transaction in New York.

M&A Deal Summary
Date 2017-07-27
Target Joe Morea & Sons Private Sanitation
Sector Environmental
Buyer(s) GPB Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Joe Morea & Sons Private Sanitation

North Bellmore, New York, United States
Joe Morea & Sons Private Sanitation, Inc. is a provider of municipal solid waste and cardboard hauling services to residents of Brooklyn, N.Y., and surrounding areas. The company is expected to generate savings for Five Star Carting via the consolidation of workers’ compensation insurance and fleet insurance, as well as route synergies throughout much of Brooklyn. Joe Morea & Sons will also likely divert nearly 1,000 tons of municipal solid waste per month to Citygreen Organics.

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Buyer(S) 1

Buyer

GPB Capital

Investor

Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 11
Sector (Environmental) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 7
State (New York) 2 of 2
Country (United States) 6 of 11
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Staten Island Carting

Staten Island, New York, United States

Staten Island Carting, Inc. is a hauling company which currently operates five trucks that process approximately 815 tons of municipal solid waste and 165 tons of recycling per month in Staten Island, N.Y.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Buckeye Water Service

New Concord, Ohio, United States

Buckeye Water Service Co. provides fluid hauling and storage, oilfield trucking and equipment, roll-off container, and solid waste removal services to customers engaged in drilling and development in the Utica and Marcellus shales.

Buy -
Mergr

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