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Rising valuations for solid waste companies

According to the San Diego-based Waste Business Journal, market valuations for many privately owned solid waste com...


According to the San Diego-based Waste Business Journal, market valuations for many privately owned solid waste companies have risen more than 40 per cent in recent years, spurred by eager buyers among private equity firms and cash-rich hedge funds.

John J. Quirk, a managing director with Morgan Joseph & Co. Inc., an investment banking firm headquartered in New York that focuses on middle market companies, said that the sharply higher valuations of privately owned solid waste companies are being spurred by an influx of private equity and hedge fund money seeking investments in the environmental area. “It has led to a frenzied deal environment, with too much equity chasing too few deals,” he declared.

More information: www.morganjoseph.com


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