SEATTLE (Recycling Monster): Leading New York waste and recycling firm Long Island Waste Services LLC (LIWS) declared that it has received a major equity investment from New York-based Terramont Infrastructure Partners LLC.
Anthony Avellino, president and CEO of LIWS stated that the company is now well positioned for continued growth. It is excited to enter the next stage of its development with Terramont. He also thanked Dickson Suit of Environmental Services Investors (ESI), who acted as its advisor on the transaction.
Meantime, the company credited Avellino for being instrumental in the company’s growth in over the past three years by way of acquisition of several other waste management service firms.
Chris Pih, partner at Terramont noted that it has been following the waste management industry very closely for the past few years and that it has all admiration for LIWS for its tremendous success over a very short period of time. He commended the LIWS team for its efforts in successfully transforming LIWS into a state-of-the-art waste management company.
Founded in 2020, LIWS offers waste and recyclables collection services. In addition to running a materials recovery facility (MRF), it also operates several transfer stations.
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