Stella Environmental Holdings, Inc., a Hidden Harbor Capital Partners portfolio company that provides transfer station management and municipal waste logistics services, announces the purchase of Bowen, Inc., deepening its geographic footprint, diversifying its customer base, and strengthening its existing facility management, hauling, and loading capabilities.
Headquartered in Belhaven, North Carolina, Bowen is a market leading provider of transfer station management and leachate hauling services throughout North Carolina and Virginia. 聽Bowen will provide significant density to Stella鈥檚 existing network in the area and help Stella continue to exceed its customers鈥� expectations.
鈥淭his acquisition strengthens our position in the transfer station management industry by expanding our reach and deepening our capabilities. Bowen is an ideal fit with Stella given its long-tenured customer relationships and service-oriented culture,鈥� said Heath Eddleblute, CEO of Stella.
鈥淭he Bowen team is very excited to join Stella who we view as a strong, well respected market leader,鈥� said Stacey Bowen, founder of Bowen. 聽鈥淛oining a larger platform will allow us to pursue additional growth opportunities and gain operational efficiencies in our core market.鈥�
Stella was formed as a standalone company after the acquisition by Hidden Harbor Capital Partners from Action Resources in August 2017. Stella鈥檚 acquisition of Bowen closed on September 30, 2020. Bowen was represented by Transact Capital Partners.