Hidden Harbor Capital Partners acquires Stella Environmental Holdings

Hidden Harbor Capital Partners, Fort Lauderdale, Florida, an operationally focused private equity firm specializing in control investments in lower middle market companies, has announced the acquisition of Houston-based Stella Environmental Holdings Inc., a division of Action Resources.

Based in Houston and founded in 1992, Stella provides transfer station management and municipal waste logistics services. The company provides facility management, hauling, and loading services to municipal solid waste and transportation customers across various states.

“Stella has positioned itself as the preferred service provider in its core markets, with a reputation for delivering exceptional service, quality, and results to its customers,” says Chris Paldino, a founding partner at Hidden Harbor. “We are excited about Stella’s prospects for continued growth and geographical expansion.”

“Stella is eager to partner with Hidden Harbor, which will bring the resources and capital to continue our strong record of performance and support our next phase of growth,” says Wilfred Roth, CEO of Stella. “As a standalone business, we will continue to provide our best-in-class customer service to our long-standing customer base.”

Hidden Harbor’s acquisition of Stella closed on Aug. 18, 2017. Monroe Capital provided financing for the transaction, and Raymond James served as an advisor to Stella.

Stella provides outsourced transfer station management services, including the loading and transportation of waste from in-town processing facilities to remote landfills, to integrated waste companies and municipalities. Transfer stations are a vital part of the waste collection and disposal process, improving the efficiency of the overall waste stream and reducing capital requirements and operating costs for customers.