BTG Pactual Strategic Capital Completes Sale of Evergreen Environmental Partners Holdings LLC

NEW YORK--(BUSINESS WIRE)--BTG Pactual Strategic Capital (“Strat Cap”) has completed the sale of its portfolio company, Evergreen Environmental Partners Holdings LLC (“EEP” or the “Company”), a leading, integrated waste management business focused on Southeastern U.S. markets, to a wholly-owned subsidiary of Meridian Waste Acquisitions, LLC. Terms of the transaction were not disclosed.

Strat Cap completed the initial EEP platform investment by partnering with waste industry veterans Darren Rizzo, Chief Executive Officer of EEP, and Anthony Rizzo, Chief Operating Officer of EEP, to invest in the Noble Hill landfill in Alabama.

Strat Cap has since worked with management to execute on both organic and inorganic value creation initiatives. EEP acquired and integrated Arrow Disposal Services, Inc., an Alabama and Mississippi-based collections business, and a strategic transfer station located outside of Huntsville, Alabama.

During Strat Cap’s ownership, EEP expanded to 18 hauling facilities throughout Alabama and Mississippi, servicing more than 250,000 customers over 60 government contracts, employing approximately 400 people, and operating more than 200 collection and hauling vehicles.

James Frank, Head of BTG Pactual Strategic Capital, said, “We are proud of our successful partnership with Darren Rizzo and Anthony Rizzo. Together, we executed strategic acquisitions and implemented strategic initiatives to accelerate EEP’s growth and deliver value creation for all stakeholders. We are confident that EEP is well positioned to continue its growth trajectory with Meridian Waste.”

Gerrity Lansing, Head of International Private Markets at BTG Pactual, said, “I’d like to emphasize the exceptional work done by the Strat Cap team, in collaboration with EEP senior management, in creating one of the leading platforms in the industry.”

Darren Rizzo commented, “The partnership with BTG Pactual enabled the creation of a strategic vertically integrated solid waste platform while generating considerable shareholder value. Knowing that EEP’s customers and employees will be part of a company led by Meridian’s Chief Executive Officer, Wally Hall, we are confident in the continued success of the business.”

Anthony Rizzo commented, “EEP is an example of a successful partnership between industry veterans and great financial partners. We’d like to thank BTG Pactual for their support and the hard-working team who helped build this company into the success it has become. We are excited to know the company will continue its commitment to being best in class under its new leadership.”

About Evergreen Environmental Partners Holdings LLC

Evergreen Environmental Partners Holdings LLC (“EEP” or the Company”) is a vertically integrated waste management business servicing over 250,000 residential customers in the Alabama and Mississippi markets. For more information, visit www.eepwaste.com.

About BTG Pactual Strategic Capital

BTG Pactual Strategic Capital (“Strat Cap”) is an opportunistic investment strategy focused on asset-oriented businesses with US$ 1.1 billion of assets and commitments. Strat Cap partners with sponsors, management teams and business owners to create value. Strat Cap is led by a seasoned investment team with relevant experience in private equity, credit, and structured solutions. Strat Cap is a part of the BTG Pactual International Private Markets group, which has US$ 7.2 billion in assets and commitments (as of Q2, 2024).​

About BTG Pactual

BTG Pactual (BPAC11) is the largest investment bank in Latin America, with a market capitalization of approximately US$ 25 billion (as of Q2, 2024), offering a diverse range of services, including Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management, and Banking. BTG Pactual Asset Management is a division of BTG Pactual with an international presence and US$ 166 billion in assets under management and administration. Internationally recognized and awarded, BTG Pactual employs more than 7,000 people across Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, U.K., Portugal, Spain and Luxembourg (as of Q2, 2024). For more information and important disclosures: www.btgpactual.com.