Hidden Harbor Capital Partners Buys Stella Environmental Holdings

Fort Lauderdale, Fla.-based Hidden Harbor Capital Partners, an operationally focused private equity firm specializing in control investments in lower middle market companies, has acquired Houston-based Stella Environmental Holdings, Inc., a division of Action Resources and a leading provider of transfer station management and municipal waste logistics services.

“Stella has positioned itself as the preferred service provider in its core markets, with a reputation for delivering exceptional service, quality and results to its customers,” said Chris Paldino, a founding partner at Hidden Harbor, in a statement. “We are excited about Stella’s prospects for continued growth and geographical expansion.”

Monroe Capital provided financing for the transaction, and Raymond James served as an advisor to Stella. The acquisition closed on August 18.

“Stella is eager to partner with Hidden Harbor, which will bring the resources and capital to continue our strong record of performance and support our next phase of growth,” said Wilfred Roth, CEO of Stella, in a statement. “As a standalone business, we will continue to provide our best-in-class customer service to our long-standing customer base.”