Aperion Management, a New York-based middle-market private equity firm, has acquired the municipal solid waste transfer station management and transportation business of Sprint Logistics for an undisclosed amount.
Established in 1992, Sprint Logistics is a provider of transfer station management and transportation services in the Houston, Texas market. The company will be rebranded Stella Environmental Services.
Comerica Bank and Triangle Capital provided financing for the transaction.
The company’s management team, including Wilf Roth (President), Jim Goodyear (CFO) and Doug Travis (VP of Safety & Human Resources) also invested and will continue to manage Stella Environmental Services in partnership with Aperion Management. The investment is designed to expand the company’s capabilities to service its customers as well as secure new customers.