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Meridian Waste Buys Two Haulers, Secures FundingMeridian Waste Buys Two Haulers, Secures Funding

Allan Gerlat

December 31, 2015

1 Min Read
Meridian Waste Buys Two Haulers, Secures Funding

Meridian Waste Solutions Inc. has purchased two waste companies and secured $55 million in funding in part to pay for the deals.

Meridian, a Milton, Ga.-based waste company, acquired Christian Disposal LLC, which does business as Christian Environmental Services and is based in Winfield, Mo. The deal includes Christian's subsidiary, FWCD LLC.

Christian Disposal is one of Missouri’s largest integrated solid waste management companies, which provides solid waste collection, transfer, disposal and recycling services, according to a news release.

The second purchase was by the company’s wholly owned subsidiary, Meridian Land Co. LLC, of certain assets of Eagle Ridge Landfill LLC. It includes hauling operations and a municipal solid waste landfill in Bowling Green, Mo.

Meridian Waste secured from Goldman Sachs Specialty Lending Group L.P. a $55 million credit facility, with $40 million of the total funded at closing.

Both the financing and the acquisitions allow Meridian Waste to become a fully integrated waste management operation with major hauling assets, transfer stations and a MSW landfill in the St. Louis marketplace, the company said.

Acquisitions have continued briskly in December. Peoria Disposal Co. (PDC) moved into recycling processing with the acquisition of Midland Davis Corp.’s Pekin recycling division and facility. Peoria, Ill.-based PDC’s affiliate Area Recycling Inc. (ARI) purchased the recycling operation in Pekin, Ill.

Waste Management Inc. received antitrust clearance from the Justice Department to acquire Southern Waste Systems. The Houston-based Waste Management expects to close the transaction by the year’s end.

Advanced Disposal made three waste hauler acquisitions at the beginning of the month. It bought Fort Wayne, Ind.-based Earth First LLC; Webb Waste Inc. of Macon, Ga.; and Ball Ground, Ga.-based AC Sanitation, Inc.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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