Macau Capital Investments Inc., a Houston-based waste management holding company, has signed a memorandum of understanding to acquire Phoenix Trash Solutions Inc., a regional waste hauler also based in Houston.
The acquisition marks the second one for the holding company: in November 2017 Macau Capital acquired Houston-based ECO Waste & Recycling LLC.
Hershell Hayes, CEO of Macau Capital Investments, says the deal is part of the company’s plan to acquire medical waste transportation companies and solid waste companies as primary sources of revenue growth in a bid to compete with national competitors.
Hayes says that following the acquisition, Macau plans on building a solid medical waste treatment facility, and will be filing an application with the Texas Commission on Environmental Quality (TCEQ) for a Texas Type V registration to receive and process medical waste for treatment, followed by transport to landfills.
Latest from Waste Today
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Brass Knuckle designs glove for cold weather applications
- WM, city of Denver partner to develop RNG facility at municipal landfill
- National Stewardship Action Council, Stewardship Action Foundation launch National Textile Circularity Working Group
- Nopetro invests $50M to construct Florida RNG facility
- USCC announces new Member Connect outreach program
- Aduro, ECOCE collaborate to advance flexible plastic packaging in Mexcio
