Marietta, Ga.-based Deep Green Waste & Recycling Inc. successfully closed the acquisition of Compaction and Recycling Equipment Inc. (CARE) The deal was completed for an undisclosed price.
CARE has been in business since 1977. It designs, engineers, fabricates, installs, finances or rents and services waste equipment.
"The acquisition of CARE is our first acquisition under our strategy to roll-up profitable waste equipment and services companies,” Deep Green Chairman and CEO Bill Edmonds said in a statement. “CARE helps us to become vertically integrated, expand our footprint in the Northwest, leverage our combined sales team to cross sell waste management products and services. We believe the combined business will create value for both our investors and the customers we serve."
"We are very pleased to become part of the Deep Green family and excited about contributing to the success of a great and growing company,” CARE President and CEO Gordon Boorse said in a statement.
Deep Green expects the financial contribution of CARE to be material to the company's combined operating results during the coming 12 months, and will provide further information regarding the transaction in our next quarterly filing.
Deep Green is a full-service waste & recycling company that manages services to and logistics for large commercial properties throughout the continental U.S. It has approximately 300 customers.