STELLA ENVIRONMENTAL, A PORTFOLIO COMPANY OF HIDDEN HARBOR CAPITAL PARTNERS, ACQUIRES BOWEN, INC.
Houston, Texas, October 07, 2020 – Stella Environmental Holdings, Inc. (“Stella”), a Hidden Harbor Capital Partners portfolio company that provides transfer station management and municipal waste logistics services, today announced the purchase of Bowen, Inc. (“Bowen”), deepening its geographic footprint, diversifying its customer base, and strengthening its existing facility management, hauling, and loading capabilities.
Headquartered in Belhaven, North Carolina, Bowen is a market leading provider of transfer station management and leachate hauling services throughout North Carolina and Virginia. Bowen will provide significant density to Stella’s existing network in the area and help Stella continue to exceed its customers’ expectations.
“This acquisition strengthens our position in the transfer station management industry by expanding our reach and deepening our capabilities. Bowen is an ideal fit with Stella given its long-tenured customer relationships and service-oriented culture,” said Heath Eddleblute, CEO of Stella.
“The Bowen team is very excited to join Stella who we view as a strong, well respected market leader,” said Stacey Bowen, founder of Bowen. “Joining a larger platform will allow us to pursue additional growth opportunities and gain operational efficiencies in our core market.”
Stella was formed as a standalone company after the acquisition by Hidden Harbor Capital Partners from Action Resources in August 2017. Stella’s acquisition of Bowen closed on September 30, 2020. Bowen was represented by Transact Capital Partners.
About Stella Environmental Holdings
Stella, based in Houston, TX, 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. http://stellaenv.com/
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 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.