Meridian Waste Solutions, Inc., a vertically integrated, non-hazardous solid waste services company, has completed the acquisition of The CFS Group, LLC, The CFS Group Disposal & Recycling Services, LLC and RWG5, LLC (collectively, The CFS Group).
The CFS Group services 30,000+ commercial, industrial and residential customers in the Richmond, Virginia market area utilizing frontload, roll off and automated side load vehicles, containers and other related equipment, two MSW landfills, one transfer station and one recycling facility all located within central Virginia.
Following the transaction, under Meridian Waste’s ownership, The CFS Group companies will continue to own and operate all of their existing waste collection and disposal assets with greater access to capital for growth and acquisitions. The transaction marks Meridian Waste’s first solid waste acquisition outside the state of Missouri and creates a vertically integrated market for the Company within the Commonwealth of Virginia.
In 2016, The CFS Group generated $25 million in revenues. Rob Guidry, a 27 year veteran of the solid waste industry, and all 109 CFS employees join the Meridian Waste family in this transaction and will continue operations in their respective locations.
Guidry will continue in his role as the president of The CFS Group, responsible for managing the business and operations of the companies.
Published in the April 2017 Edition of American Recycler News