Hidden Harbor Backed Stella Environmental Appoints CEO
FOR IMMEDIATE RELEASE (Houston, TX) - March 12, 2018 – Stella Environmental Holdings, Inc. (“Stella” or the “Company”), which is backed by Hidden Harbor Capital Partners, has hired Heath Eddleblute as Chief Executive Officer, effective March 21st. He succeeds Wilfred (Wilf) Roth, who is retiring as CEO after more than 13 years of distinguished service but will continue his role on Stella’s Board of Directors.
Prior to Stella, Heath worked at Republic Services for over two decades, where he held various management and executive roles throughout the U.S. and Puerto Rico. In these roles, he significantly expanded Republic Services’ market share through both organic growth and acquisitions, led efforts to improve and scale operations, and optimized asset utilization. In his most recent position as Area President of the Southwest, Heath oversaw $1.2B in annual revenue across 17 business units in 40 locations with over 3,000 employees.
“Heath comes to Stella Environmental as a proven leader who drives results and is well respected within the waste industry. When we partnered with the Company our goal was to invest in Stella to accelerate growth and make investments to rapidly scale the business with a continuing focus on safety and customer service,” said David Block, Partner at Hidden Harbor. “With the addition of Heath, we know the company is well positioned to execute on this platform growth strategy and more aggressively capitalize on Stella’s position as the leader in transfer station management services.”
Heath holds a B.A. from Ohio State University and will be relocating to Houston, Texas from Scottsdale, Arizona with his wife of 21 years and their two teenage boys.
About Stella Environmental Holdings
Based in Houston, Texas, Stella plays a crucial role in the processing and safe disposal of municipal solid waste. The company 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.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Our principals are InvestorOperators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes. For more information, visit www.hh-cp.com.