David Bodamer, Executive Director, Content & User Engagement

December 22, 2014

1 Min Read
Republic Services to Acquire Tervita's U.S.-Based Operations

Phoenix-based Republic Services Inc. and Calgary, Alberta-based Tervita Corp. have entered into a definitive agreement whereby a subsidiary of Republic Services will acquire Tervita LLC, a subsidiary of Tervita Corp. for $485 million.

Tervita is a pure-play environmental waste solutions provider serving oil and natural gas producers in the United States. Tervita's geographic footprint spans across several U.S. oil basins, including the Permian, Eagle Ford and Bakken. Tervita provides oilfield waste services and operates three types of waste management and disposal facilities: treatment, recovery and disposal (TRD) facilities; engineered landfills; and salt water disposal (SWD) injection wells. Additionally, Tervita provides closed loop solids control systems and transportation services.

"The acquisition of this vertically integrated operation allows Republic Services to establish a significant platform in the E&P waste sector and positions us well for future growth opportunities," Donald W. Slager, president and CEO of Republic Services, said in a statement. "Additionally, Tervita's environmentally committed operations complement our core competency and expertise in waste handling, recovery and disposal."

"Over the last decade we have built a broad U.S. footprint with a strong reputation for high quality services, a deeply experienced employee base and a strong commitment to safety," Tervita Corp. President & CEO John W. Gibson Jr. said in a statement. "As we now focus our strategic efforts on growing our expansive Canadian operations, we believe that Republic Services, a company with high expertise and integrity, is best positioned to realize Tervita's U.S. growth potential."

J.P. Morgan Securities LLC acted as exclusive financial advisor to Republic Services and Goldman, Sachs & Co. acted as exclusive financial advisor to Tervita on this transaction.

About the Author(s)

David Bodamer

Executive Director, Content & User Engagement, Waste360

David Bodamer is Executive Director of Content & User Engagement for Waste360 and NREI. Bodamer joined Waste360 in January 2014. He has been with NREI since September 2011 and has been covering the commercial real estate sector since 1999 for Retail Traffic, Commercial Property News and Shopping Centers Today. He also previously worked for Civil Engineering magazine. His writings on real estate have also appeared in REP. and the Wall Street Journal’s online real estate news site. He has won multiple awards from the National Association of Real Estate Editors and is a past finalist for a Jesse H. Neal Award. 

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like