Long Island Waste Services Gets Investment from Terramont
- Long Island Waste Services has secured a significant equity investment from Terramont Infrastructure Partners.
- The investment was part of a recapitalization transaction aimed at enhancing the company's operations.
- This move indicates growing interest in infrastructure investments within the waste management sector.
JERICHO, N.Y. – Long Island Waste Services (LIWS) has announced the completion of a recapitalization transaction, securing a significant equity investment from Terramont Infrastructure Partners, a North American infrastructure investment firm. Founded in 2020, LIWS offers a range of waste management services, including efficient waste collection, advanced transfer stations, and environmentally responsible disposal methods. Under the leadership of President and CEO Anthony Avellino, LIWS has experienced substantial growth over the past three and a half years, primarily through strategic acquisitions and the expansion of its service capabilities. Avellino expressed optimism about the future, stating that the company is well-positioned for continued growth following this investment. He highlighted the importance of the capital infusion in enhancing LIWS's operational efficiency, particularly through the use of real-time data for managing pricing, transportation, and personnel safety. Terramont's Managing Partners, Michael Lehman and Vikram Singh, expressed their enthusiasm for supporting LIWS in its next phase of innovation and growth. They emphasized the firm's commitment to backing high-quality management teams and best-in-class businesses. Environmental Services Investors (ESI) acted as the advisor for LIWS during this transaction, further solidifying the partnership's strategic direction. For more information about Long Island Waste Services and its offerings, visit their website at www.liwasteservices.com. Terramont Infrastructure Partners can be found at www.terramontinfra.com.