Waste Services makes acquisitions
Burlington, ON— Waste Services,
Inc. announced that it has signed definitive agreements to acquire
Liberty Waste, LLC and Sun Country Materials, LLC to expand its
operations in the Tampa, Florida market. Liberty Waste is a collection
operation based in Tampa with two transfer stations located in
Tampa and Clearwater. The transfer stations are both permitted
to accept construction and demolition and Class III waste volumes.
Sun Country Materials owns a construction and demolition landfill
located in Hillsborough County, Florida that is currently seeking
an expansion permit. The combined collection operations of Waste
Services and Liberty Waste will be able to internalize construction
and demolition waste volumes into the acquired landfill.
The purchase price for the two
businesses is $38.5 million, consisting of $13 million in cash,
$19 million in shares of Waste Services common stock and $6.5
million of previous cash deposits. The transactions are both subject
to certain customary closing conditions, with the landfill acquisition
also subject to the receipt of the expansion permit.