New look for Highstar waste company

Advanced Disposal Services is revamping its top brass as part of its merger with Veolia ES Solid Waste. Owner Highstar Capital bought Veolia in July for $1.9bn.

Highstar Capital portfolio company Advanced Disposal Services has revamped its management team to accommodate newly acquired Veolia ES Solid Waste, which Highstar bought last month.

Advanced Disposal, the platform Highstar waste management holding, is absorbing Veolia, which Highstar bought for $1.9 billion. Recombining Advanced Disposal and Veolia will produce “the largest privately held environmental service business in the US,” according to Highstar.

In reorganizing management, erstwhile Veolia chief executive Richard Burke will be named president of Advanced Disposal. Walter Hall, formerly president and chief operating officer (COO) of Advanced Disposal, will remain COO.

Steven Carn will remain chief financial officer of Advanced Disposal, with Charles Appleby remaining as chairman and chief executive officer.

New York-headquartered Highstar is billing Advanced Disposal as a “fully-integrated” operation “across the eastern US”.

The amalgamated company has 3,000 trucks, 47 landfills, and 92 stations, in addition to employing 5,450 people.

Former parent company, publicly traded Veolia Environnement, decided to sell Veolia ES, its US waste disposal business, as part of a companywide effort to reduce debt.

Prior to unloading Veolia ES, Paris-headquartered Velia Environment sold its UK water business for $1.9 billion, and currently has its surface transportation unit up for sale.

In acquiring Veolia ES, Highstar outbid Madison Dearborn Partners as well as Estre Ambiental from Brazil.

Highstar, manager to $5.5 billion, is run by public-private partnership (PPP) maven Christopher H. Lee.