Star Atlantic Waste Holdings II, L.P., a Highstar Capital portfolio company, today announced that it has reached an agreement to purchase Veolia ES Solid Waste, Inc. from Veolia Environmental Services North America Corp. Star Atlantic will combine its existing investments in Advanced Disposal Services, Inc. and Interstate Waste Services, Inc. with the acquired Veolia operations. The combined business, which will operate as Advanced Disposal Services, will be the largest privately owned environmental services business in the United States. It will have operations in twenty states and have annual revenues of approximately $1.4 billion, a fleet of over 3,000 trucks, 47 landfills, 92 transfer stations and 5,450 employees.

Commenting on the acquisition, Highstar Capital Founder and Managing Partner Christopher Lee stated, “The acquisition of Veolia ES Solid Waste, Inc. is a unique opportunity to create a fully-integrated environmental services platform across the eastern United States. The combined business will be a best-in-class company with an exceptional management team and growth opportunities.”

“Veolia ES Solid Waste, Inc. is a tremendous business with high quality employees and assets. The opportunity to select best practices from VES SW, Advanced Disposal Services and Interstate Waste Services will create a strong company with compelling growth prospects. We look forward to working with our customers, employees and community partners as we provide comprehensive environmental service solutions,” said Chief Executive Officer Charlie Appleby.

The transaction is subject to customary regulatory approvals and is expected to close this fall.

Star Atlantic has obtained committed financing from Deutsche Bank Securities, Inc., Macquarie Capital, UBS Investment Bank and Barclays. Deutsche Bank Securities, Inc. acted as lead financial advisor to Highstar Capital and Star Atlantic. Macquarie Capital acted as co-advisor to Highstar Capital and Star Atlantic. Winston & Strawn LLP acted as legal advisor.

About Highstar Capital

Highstar Capital is an independently owned and operated infrastructure fund manager with an operationally focused, value added strategy. The firm, based in New York and with offices in Houston, was founded in 1998 and currently manages over $5 billion of investments on behalf of its managed funds and co-investment vehicles in a diversified portfolio of energy, transportation and environmental/waste management assets and businesses. For more information please visit Highstar Capital’s website at

About Advanced Disposal Services, Inc. 

Advanced Disposal is the fourth largest privately- owned environmental services company in the United States providing integrated, non-hazardous solid waste collection, transfer, recycling and disposal services in the Southeastern United States. Advanced Disposal currently owns and operates commercial, industrial, and residential solid waste collection operations, municipal solid waste landfills, transfer stations, and recycling facilities. Advanced Disposal is dedicated to preserving the environment and ensuring that all operations are conducted in a manner that follows all local, state, and federal laws in regards to environmental protection. Advanced Disposal is headquartered in Jacksonville, Fla. and has operations in Alabama, Florida, Georgia, Mississippi, North Carolina and South Carolina.

For more information regarding Advanced Disposal, please visit or on Facebook at

About Interstate Waste Services

Interstate Waste Services, based in Basking Ridge, New Jersey, is one of the fastest growing providers of comprehensive waste management services with operations in New England, New York, New Jersey, Pennsylvania, Maryland and West Virginia. Their subsidiaries provide collection, transfer, recycling and disposal services. Clients include residential, commercial, industrial, and municipal customers throughout the northeast United States. For more information, visit


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