CONTRIBUTED TO THE OBSERVER
LEE COUNTY — The Lee County Commission was recently notified that as of Sept. 1, Meridian Waste has acquired Arrow Disposal Services Inc. (ADSI), the company contracted for garbage collection in Lee County.
According to a press release from the commission, citizens may begin to see re-branded trucks, however no other changes to the current Lee County contract are expected at this time. Citizens should know when contacting ADSI, phones are being answered as Meridian Waste.
According to a press release from Meridian Waste Acquisitions LLC, the company acquired the stock of ADSI as well as Evergreen Environmental Partners Holdings LLC (EEP), two holdings of BTG Pactual Strategic Capital. The acquisition expands Meridian Waste’s operational footprint within the Southeast, adding a municipal solid waste (MSW) landfill, a transfer station facility and additional third-party transfer station operations as well as hauling, administrative and maintenance facilities servicing commercial, industrial and residential contracts throughout Alabama and Mississippi. Specific assets comprised within the stock purchase include the Noble Hill MSW Landfill and EEP Transfer Station in the great-er Huntsville marketplace, 50+ municipal contracts (including exclusive residential collections and transfer station hauling operations) and commercial and industrial accounts.
“Meridian Waste is in full growth mode, as exhibited by the company’s announcement of its largest acquisition yet of these impressive Alabama and Mississippi assets,” said Walter “Wally” Hall, Meridian Waste’s CEO. “Our management team is very familiar with the Alabama and Mississippi marketplaces from previous roles in the industry. We are confident that we can grow the solid base of business already built by Darren and Anthony Rizzo alongside the many dedicated team members of EEP and ADSI and with the continued support of our private equity partner, Warren Equity Partners. Together, we look forward to integrating these assets into our Southeast footprint and having Meridian Waste become a major part of the Alabama and Mississippi solid waste services industry.”
About Meridian Waste
Headquartered in Charlotte, North Carolina, Meridian Waste is committed to servicing its customers, caring for and engaging its employees and generating financial value for its shareholders while delivering a clean and healthy community. The company’s core waste business is centered on residential, commercial and industrial non-hazardous waste collection and disposal. For more information, visit www.MeridianWaste.com.
