Five Star acquires stake in PM Waste & Rubbish Contractors, Inc.
The Waste Management division of GPB Capital, LLC, parent company of Five Star Carting, has acquired PM Waste & Rubbish Contractors, Inc. (“PM Waste”), a New York City-based carting company. PM Waste is a “tuck-in” acquisition that will be integrated into the regional operator, Five Star.
PM Waste was founded over 20 years ago and provides services throughout Brooklyn and Manhattan, hauling both Municipal Solid Waste and cardboard. The addition of PM Waste, will serve to consolidate Five Star’s position in the New York carting market. The overlap in the service areas of Brooklyn and Manhattan creates an opportunity for route synergies and cost savings.