July 15, 2015
Waste Pro USA Inc. has purchased Waste Away Services LLC and also revealed the acquisition of two other waste haulers in the past three months.
Waste Away provides full-service hauling for about 1,850 customers in Elberton, Ga., its headquarters. The Longwood, Fla.-based Waste Pro said the operations will become part of its existing Athens, Ga., location, adding both staff and equipment, according to a news release.
In May, Waste Pro acquired Liberty Waste Services, a residential and commercial waste service and disposal firm based in Rock Hill, S.C. Waste Pro tucked in the operation with its Charlotte, N.C., regional operation.
In April the company bought residential and commercial waste hauler Henson Waste Disposal, based in Canton, N.C., adding the service operations into its Asheville, N.C division.
Waste Pro ranked 13th on the 2015 Waste 100, based on 2014 revenue of $509 million. It covers eight southeastern states. The company serves more than 2 million residential and commercial customers from more than 75 locations.
Waste Pro has steadily been upgrading the company. In April it invested $3 million to install video cameras in all its residential and commercial waste and recycling vehicles. It will convert its entire fleet to onboard cameras by the end of 2016.
Last October it completed a $579 million recapitalization of the company. The new credit facility is all debt, which includes an asset base loan revolving line of credit led by Wells Fargo Capital Finance, a division of Wells Fargo Bank, N.A. “We executed a business transaction that creates the platform to launch our next decade of growth,” said John Jennings, Waste Pro chairman and CEO, at the time.
The firm, founded in 2001, said its private ownership is a competitive advantage and gives the company the ability makes to expand operations and sustain consistent financial growth in a strategic manner.
The company opened a material recovery facility (MRF) this January in Ocala, Fla., and has been aggressively converting its fleet to vehicles that run on compressed natural gas (CNG) fuel.