Meridian Waste Acquisitions LLC, a Charlotte, North Carolina-based nonhazardous integrated solid waste services company, has acquired the stock of Evergreen Environmental Partners Holdings LLC (EEP), Attalla, Alabama, and ADSI Holdings LLC effective Sept. 1. The two entities were holdings of BTG Pactual Strategic Capital, New York.
The acquisition expands Meridian Waste’s operational footprint in the Southeast, adding a municipal solid waste (MSW) landfill, a transfer station facility and additional third-party transfer station operations as well as hauling, administrative and maintenance facilities servicing commercial, industrial and residential contracts throughout Alabama and Mississippi.
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Meridian Waste says its management team has demonstrated success in acquisition integration by improving upon and growing acquired asset margins and cash flow and will continue to do so with this multistate acquisition.
Specific assets comprised within the stock purchase include the Noble Hill MSW Landfill and EEP Transfer Station in the greater Huntsville, Alabama, marketplace; more than 50 municipal contracts, including exclusive residential collections and transfer station hauling operations; and commercial and industrial accounts serviced throughout Alabama and Mississippi.
“Meridian Waste is in full growth mode, as exhibited by the company’s announcement of its largest acquisition yet of these impressive Alabama and Mississippi assets,” Meridian Waste CEO Walter Hall says. “Our management team is very familiar with the Alabama and Mississippi marketplaces from previous roles in the industry. We are confident that we can grow the solid base of business already built by Darren and Anthony Rizzo alongside the many dedicated team members of EEP and ADSI and with the continued support of our private equity partner, Warren Equity Partners.
“Together, we look forward to integrating these assets into our Southeast footprint and having Meridian Waste become a major part of the Alabama and Mississippi solid waste services industry,” he adds.
This will be Meridian Waste’s 30th acquisition since the company transitioned to private stock under the ownership of Warren Equity Partners (WEP) in April 2018.
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