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Compost and mulch market ripe for acquisitions

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Biosolids composting includes an aerated static pile method, as shown here, in Philadelphia. Photo Courtesy of R. Alexander Associates, Inc.

The nation’s third largest solid waste company sold its compost and mulch unit to a private equity firm as the organics recycling market may start to see more acquisitions.

Fort Lauderdale, Florida-based Republic Services, Inc. sold Living Earth Technology Co. (LETCO) to Hunt Special Situations Group LP in Dallas for $37 million late last year.

LETCO is the largest commercial provider of mulch, compost, soil and other landscaping material in Texas. Republic Services reported at the time of the sale that LETCO has average annual revenues of $50 million and generates low double-digit operating income margins.      ...read more

 

Waste, SECTION B

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