WCA to acquire landfill, transfer station and rail haul
WCA Waste Corporation has signed a definitive agreement
to purchase the subsidiaries and certain assets of Live
Earth, LLC, including the Sunny Farms Landfill, Champion
City Recovery Transfer Station and the related rail haul
The Sunny Farms Landfill is located near Fostoria, Ohio.
The landfill is permitted to accept up to 5,000 tons
per day of municipal solid waste and construction and
demolition debris. The landfill is currently accepting
approximately 3,200 tons per day on average, most of
which is delivered by railroad from the east coast.
Champion City Recovery transfer station is located south
of Boston, Massachusetts. The transfer station is permitted
to accept 1,000 tons per day and is currently accepting
and transporting approximately 600 tons per day by rail
to the Sunny Farms Landfill.
The purchase price for the Live Earth subsidiaries and
assets consists of $18.75 million of cash, 3,555,556
shares of WCA Waste Corporation common stock to be issued
at closing and up to an additional 2,000,000 shares of
common stock that will be issuable in the event that
the acquired Live Earth businesses obtain certain EBITDA