Meridian Waste Solutions invests in equipment leases

Atlanta-based Meridian Waste Solutions Inc., a vertically integrated, nonhazardous solid waste services company, has announced it has taken a portion of its recently raised capital and deployed it into additional equipment leases. The equipment is being installed at its Petersburg and Lunenburg, Virginia landfill facilities.

According to the company, this additional equipment will allow it to transition away from using an outside contractor. It also enables the company to reduce its costs and improve operating efficiencies, it adds.

Meridian Waste's core business is centered on residential and commercial waste collection and disposal, but it also includes a fundamental objective to seek rewarding environmental solutions through innovation, the company states. The company operates in St. Louis, Missouri and Richmond, Virginia, servicing over 113,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the company operates four transfer stations, one recycling facility and three municipal solid waste landfills.