BP Environmental Services, an asset-light managed waste and recycling services provider and a portfolio company of Expedition Capital Partners and Tecum Capital Partners, has purchased ASI Comprehensive Waste Management of Newark, Del.
ASI offers asset-light waste management recycling services for multi-location customers in 48 states and Canada. The company was founded in 2006 and focuses on providing customers with a suite of waste optimization services including recycling, landfill diversion and reuse programs.
“We could not be more excited to partner with ASI as we continue to grow our footprint nationally,” states Lou Pellegrino, BP CEO. “From day one, we recognized that there was a significant overlap in the way our respective firms conduct business, both operationally and culturally, and that the fit was ideal.”