Synagro Announces Closing of Three Acquisitions

Synagro Technologies Inc., a leading growth company in the residuals
management
business, has closed the acquisitions of AKH Water Management
Inc., Davis Water Analysis Inc., and Ecosystematics Inc. All three companies
operate and maintain small volume wastewater treatment facilities located in the
Florida Keys.

AKH operates in a 20-mile radius of Marathon; Davis Water operates in a 50-mile
radius of Key West; and Ecosystematics operates in a 50-mile radius of Key
Largo. These operations will be fully integrated into Synagro's existing Florida
business.

Ross M. Patten, Synagro's chief executive officer, stated that, "These
acquisitions complement our current Florida business and provide a strong
platform to grow our South Florida business. We are excited to have such quality
businesses and people joining Synagro."

AKH was structured as an asset purchase, while both Davis Water and
Ecosystematics were stock purchases. These acquisitions add approximately $2.6
million in annual revenue. The total purchase price for these companies was
approximately $2.8 million and was funded through a combination of equity and
subordinated debt.

SOURCE: PR Newswire

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