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Advanced Disposal Enters New Indiana Market with CGS Services Acquisition

Advanced DisposalnbspCEOnbspRichard Burke received 1148230 in total compensation in 2014 That was down from 1541922 in total compensation in 2014Burke earned 557000 in salary 548924 innbspnonequitynbspincentive plan compensationnbspand 42306 in all other compensationBurke took over as CEO in 2014 from a retiring Charlie Appleby Previously he served as president of the company and was responsible for mergers and acquisitions purchasing risk management human resources
CGS is an established operation in a secondary market.

Advanced Disposal has completed the acquisition of CGS Services Inc.  Based in Morristown, Ind., CGS services a 14-county area in central and eastern Indiana through a vertically-integrated network of solid waste collection, recycling, and disposal assets that generates annual revenue approaching $30 million.  

"CGS is an established operation in a secondary market that fits perfectly with our market selection strategy and gives us a new platform to continue to grow our business," Advanced Disposal CEO Richard Burke said in a statement. "CGS has developed an excellent reputation in the markets it serves, and we are pleased to welcome their top-tier professionals and customers to the Advanced Disposal family."

Advanced Disposal completed its initial public offering in October.

Advanced Disposal sold 19.25 million shares at a price of $18 per share, raising roughly $350 million. The net proceeds were used for debt paydown. In late October, ADSW commenced a debt refinancing, which lowered its interest expense and extended its debt maturities.

Leone Young analyzed Advanced Disposal’s early days as a public company in December.

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