Houston-based Waste Management Inc. is acquiring Tehachapi, Calif.-based Benz Sanitation Inc. and its two sister companies, Tehachapi Recycling Inc. and Benz Propane Co. Inc.
Benz offers commercial and residential waste collection, document shredding, construction services, portable toilets, septic tank pumping and propane services, according to its website.
The sale is slated to close on August 1, and the transaction amount is unknown at this time.
Bakerfield.com has more information on the acquisition:
One of the country’s largest waste service companies is in the process of buying Tehachapi-based Benz Sanitation Inc. and its two sister companies, Tehachapi Recycling Inc. and Benz Propane Co. Inc.
The buyer, Houston-based Waste Management Inc., said Monday it expects the sale to close Aug. 1, which is the same date Benz told local authorities last week it plans to lay off 132 employees spread across eight locations in Tehachapi, Ridgecrest and Rosamond.
Waste Management’s Southern California communications manager, Eloisa Orozco, said the company plans to retain “a majority if not all of the employees” let go by Benz. She added Benz’s owners plan to retire.