Houston-based WCA Waste Corp. has signed a definitive agreement to purchase the subsidiaries and certain assets of Live Earth LLC. The assets include the Sunny Farms Landfill in Fostoria, Ohio, and the Champion City Recovery Transfer Station near Boston. The purchase price includes $18.75 million in cash and 3.56 shares of WCA common stock.
“A major opportunity in the waste industry is the rail haul of waste from the East Coast,” said Tom Fatjo Jr., chairman and CEO of WCA Waste, in a press release. “We are extremely excited about acquiring the Live Earth assets, since they will allow WCA to participate in the transportation of waste by rail and to further expand our existing footprint to the East Coast. As with our acquisition strategy in the past when we have entered new markets, we intend to target tuck-in acquisitions to add internalized waste streams to the Sunny Farms Landfill.”