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Article: American Capital Funds Purchase of National Municipal Waste Hauling Business by Specialty Transportation Services, Inc.
- Article from:
- PR Newswire
- Article date:
- February 4, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BETHESDA, Md., Feb. 3 /PRNewswire/ -- American Capital Strategies, Ltd. (Nasdaq: ACAS) announced today its financing of the acquisition of the municipal solid waste business of Jack Gray Transportation, Inc. ("JGT") by Specialty Transportation Services, Inc. ("STS"). American Capital purchased from STS $8,000,000 in Senior and Junior Subordinated Notes with warrants and $500,000 in Common Stock.
STS is a unique firm, operating a national network of solid waste hauling services for both municipalities and commercial clients. The company has terminal operations in California, Washington, Oregon, Arizona, Tennessee, New York, North and South Carolina. This ...