Tunnel Hill Partners of Jericho, N.Y., has picked up the Connecticut and Somers, N.Y., operations of the Stamford-based City Carting waste management service.
The deal closed on June 3 for an undisclosed amount, though according to a statement by Tunnel Hill, City Carting’s acquired assets include a collection of hauling operations of municipal solid waste, construction and demolition debris, and recyclables for commercial, industrial, residential and municipal customers; four transfer stations and one material recovery facility; and management contracts for five municipal transfer stations.
“In 2015, these operations generated in excess of $110 million in revenue and disposed approximately 700,000 tons of waste,” according to the announcement by Tunnel Hill.
“The combination of our two companies makes us one of the largest integrated waste management companies in the Northeast,” said William W. Gay, Tunnel Hill CEO.
Gay said the merger will provide scale benefits and other cost saving opportunities, which will help revitalize City Carting, “a previously undercapitalized company through operational and capital guidance and support.”
City Carting CEO Anthony Farina  will retain his role at City Carting.
