Phoenix Waste Services buys Miners Entities
Jan 1, 2002 12:00 PM
Phoenix Waste Services Co Inc has completed the purchase of Miners Fuel Co Inc, Miners Environmental Inc, and Miners Oil Co Inc — corporations in Tremont PA called the Miners Entities — for a purchase price of about $17 million, including assumption of debt.
The Miners Entities operate a long-haul solid-waste transporting business, a fuel oil supply business, and a specialty waste company in Pennsylvania and New Jersey. For fiscal year 2000 (unaudited), it showed total sales of about $58 million, an EBITDA (earnings before income tax daily average) of roughly $4 million, and a net worth of approximately $2.6 million. Jeffrey Parker, a founder of the Miners Entities, will remain president and chief executive officer through November 2004.
© 2013 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus