WCA to acquire landfill, transfer station and rail haul operation

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 operation.

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 thresholds.