Date: November 1, 2006
Source: A. E. Rosica & Co., Inc.
A. E. Rosica & Co., Inc. (AER&CO, www.aerosica.com) announced today that its client, BME Engineering, Inc. of Georgetown, Massachusetts (BME), has been acquired by Wastequip, Inc.
BME manufactures roll-off, front load and rear load containers, along with compactors and roll-off hoists for refuse and recycling providers in the New England market.
"We are excited to join the Wastequip team," said Barry Enos, president and owner of BME. "Being part of Wastequip will enable us to provide even better service to our existing customers and it will place Wastequip closer to their customers in the Greater Boston and New England markets."
"Purchasing BME strengthens Wastequip's ability to serve major Boston and New England customers with fast service and competitive pricing, while offering a full line of quality products," said Robert C. Rasmussen, president and chief executive officer of Wastequip, Inc. "The integration of our waste handling, recycling and material handling equipment is a perfect fit with BME's equipment and regional reach. The purchase enables us to expand our current offerings and positions us closer to customers throughout the New England area to provide cost effective distribution and on-site services."
Wastequip will retain BME's existing management team and employees, and continue to manufacture waste-handling equipment at the BME facility under the name Wastequip Northeast. Management does not expect a disruption in customer service. Additionally, Wastequip will supply, install and mount its complete line of hoists and compactors there.
Wastequip manufactures a diverse line of waste handling, recycling and material handling equipment, and operates numerous manufacturing facilities throughout North America (www.wastequip.com).
AER&CO, is a specialized financial advisory firm serving the environmental, energy, technology and healthcare industries. Its clients range in size from large corporations, utilities and financial institutions to smaller middle market and growth companies. Services it offers include mergers & acquisitions and capital formation.