Centre Partners completes acquisition of Liberty Waste Services

Centre Partners Management LLC has completed the acquisition of Liberty Waste Services, LLC in partnership with members of Liberty's senior management team and Centre Environmental Partners, Inc. (CEP), an affiliate of Centre Partners led by environmental services industry veterans Ross M. Patten and Scott Bernstein.Liberty, which has been renamed Environmental Logistics Services LLC (ELS), is a leading provider of solid waste transportation and disposal services for customers throughout the Northeast and Midwest USA. The Company handles municipal solid waste and construction and demolition debris through three facilities located in New Jersey and Ohio. Liberty operates a rail transloading facility in Kearny, New Jersey, a 1,285 acre landfill in Springfield Township, Ohio, and a transfer station in Bridgeport, Ohio.Centre Partners is a leading middle market private equity firm with offices in New York and Los Angeles. Centre Partners has invested over US $3 billion of equity capital in more than 90 businesses in the past 20 years.Centre Partners completed the acquisition in partnership with two of Liberty's senior executives, Darren and Anthony Rizzo, who will serve as ELS's CEO and COO, respectively. The Rizzos founded Liberty's rail operations in New Jersey and are 15 year veterans of the waste transportation business. David Jaffe, Managing Partner of Centre Partners, said, 'We are excited about partnering with ELS' management team and expanding our investment in the highly attractive environmental services sector alongside Centre Environmental Partners. Under the leadership of Darren and Anthony Rizzo, ELS has the potential to become one of the leading waste logistics companies in the country.'ELS CEO Darren Rizzo said, 'Our management team and employees are excited about our partnership with Centre Partners and Centre Environmental Partners. We look forward to benefiting from their vast experience as we work together to build a leading environmental services company. We share the commitment to providing a valuable service to our customers and contributing responsibly to our host communities in Ohio and New Jersey.'