CLAY — Sun Environmental Corp., a Clay–based environmental-services company, has in recent months added an office in Rochester and an employee to service the Buffalo area. The firm acquired New York Environmental Technologies Inc. (NYETECH) in Rochester in a transaction that closed in May. Sun had worked with NYETECH on projects and considered the company […]
CLAY — Sun Environmental Corp., a Clay–based environmental-services company, has in recent months added an office in Rochester and an employee to service the Buffalo area.
The firm acquired New York Environmental Technologies Inc. (NYETECH) in Rochester in a transaction that closed in May.
Sun had worked with NYETECH on projects and considered the company more of a partner than a competitor, says Matt Notaro, president of Sun Environmental.
“The former owner, Tom Henderson, is getting to that retirement age and the conversations just kind of evolved,” says Notaro.
When asked if it was Henderson’s succession plan, Notaro replied, “Definitely.”
“Tom has a passion for his company and his people that had worked so hard for him over the years and was not willing to sell to just anybody to take over,” says Notaro.
The discussions that led to the eventual acquisition lasted about a year, says Jim Hanmer, Sun Environmental’s CEO. “It was a lengthy process,” he says.
Both Notaro and Hanmer spoke with CNYBJ on Sept. 1.
Notaro declined to disclose the acquisition price. The firm financed the purchase with a loan from M&T Bank, but Notaro declined to disclose the loan amount.
SUN added eight employees in the acquisition. The company now has a total employee count of 42 workers.
Attorney John DeLaney helped advise Sun Environmental in the acquisition, while Chris Didio and Sean Daughton of Syracuse–based Dannible & McKee, LLP provided accounting guidance, according to Notaro.
Just before the NYETECH acquisition, Sun Environmental had also established a presence even further west in the Empire State.
The firm in March had hired an individual who Notaro describes as a “long–time environmental professional” to service the Buffalo area. The employee, who lives in Jamestown in southwestern Chautauqua County, handles work in Buffalo and around western New York.
“He’s building our base business out there,” says Notaro.
About Sun Environmental
Sun Environmental handles transportation disposal of non-hazardous, hazardous, and universal waste.
It also focuses on projects involving industrial cleaning; and remediation services that include decontamination, soil remediation, tank removals, system upgrades, and system installs.
It’s headquartered in a 15,000-square-foot facility at 4655 Crossroads Park Drive in Clay, off Henry Clay Boulevard. The company owns its building.
Notaro declined to disclose specific revenue information for Sun Environmental, but indicated the company’s sales grew 30 percent in 2015, compared to 2014. As for a 2016 revenue projection, Notaro said it’s too early to tell following the Rochester acquisition.
The majority of Sun’s customers are commercial businesses but it can service a residential customer, if need be. Notaro said the firm’s customer count numbers in the “hundreds.”
Notaro declined to disclose any of Sun’s commercial clients.
“We’re always chasing every opportunity that we’re aware of, and some that we’re not,” quips Hanmer.
The firm has a fleet that includes trailers, back trucks, vacuum trailers, transport trailers, tractors, box trailers, and pickup trucks.
Contact Reinhardt at ereinhardt@cnybj.com