- July 15, 2021
- Posted by: Stratford Team
- Category: Business
A local environmental services business owned by Baton Rouge-based Bernhard Capital Partners has acquired a struggling business in Mississippi in a multimillion-dollar deal.
Green Meadow Sustainable Solutions bought Fayette, Mississippi-based Riverbend Environmental Services LLC in a deal which closed in late 2020.
As part of the deal, Green Meadow controls the Riverbend Landfill in Jefferson County, Mississippi, alongside transfer stations in Vicksburg and Baton Rouge. Riverbend expects to keep its contracts with various municipal entities such as the transfer station and solid waste collection contract with Brookhaven, Mississippi, among others in the region.
Riverbend Environmental filed for Chapter 11 bankruptcy protection in 2019, records show. Since then, there’s been a fire and disruption in landfill trash service, according to the Natchez Democrat. As such, Green Meadow under the name Greenway Environmental…
