Advanced Disposal has purchased two waste and recycling haulers, Webb Waste Inc. of Macon, Ga., and Ball Ground, Ga.-based AC Sanitation Inc., for undisclosed amounts.
The Ponte Vedra, Fla.-based Advanced Disposal acquired certain assets of Webb, including front-end loading and roll-off commercial customers in Georgia’s Bibb County.
“This acquisition complements our existing base of business in the greater Macon market,” said Charlie Gray, Advanced Disposal’s region vice president.
Advanced Disposal’s purchase of AC Sanitation includes commercial and residential customers in Georgia’s Cherokee County.
Gray said the purchase of AC Sanitation expands Advanced Disposal’s footprint and increases route densities.
The deal represents the 10th acquisition by Advanced Disposal in 2015. The most recent deal was waste hauler Williams Sanitation Services LLC, based in Dubois, Pa. Other recent purchases included Smethport, Pa.-based waste company CF Burdick Trucking; the Decatur, Ill.-based Ross Disposal Services; and Disposal Management Systems Inc., based in Schaumburg, Ill.
Advanced Disposal issued in August an initial public offering (IPO) to go public. Industry analyst Michael E. Hoffman, managing director, Stifel, Nicolaus & Co. Inc., shared in an interview with Waste360 his thoughts on what he thought the move could mean. Hoffman says he believes the move is being pushed by the private equity team because they need to start getting the long process of monetizing their investment.
He also says the IPO could get Advanced Disposal’s balance sheet to a place where there isn’t any deal the company couldn’t be involved in. Currently, Hoffman says, the leveraged balance sheet presents some restrictions.
Earlier this month the company posted a net loss for its third quarter, although smaller than a year earlier, on a decline in revenue.