Meridian Waste, an integrated, non-hazardous solid waste services company, announced it has signed a definitive purchase agreement to acquire the equity interests of Shotwell Landfill, Inc.; Shotwell Transfer Station II, Inc.; Capitol Waste Transfer, LLC; Capital Recycling, LLC; and Morrisville Transfer Station LLC (collectively, the Shotwell Companies) throughout the greater Raleigh, N.C., marketplace.
The stock purchase agreement is scheduled to close within 90 days. This will be Meridian Waste’s first acquisition within North Carolina and the 11th acquisition since the company transitioned to private stock under the ownership of Warren Equity Partners in April 2018.
Meridian Waste North Carolina is acquiring the Shotwell construction and demolition debris (C&D) landfill in Wendell, N.C., the Shotwell Transfer Station II (C&D) in Apex, N.C.; the Capitol Waste Transfer Station (C&D) in Raleigh, N.C.; and the municipal solid waste (MSW) transfer station known as the (under construction) Morrisville Transfer Station in Morrisville, N.C. The purchase will also include disposal and commercial contracts associated with the disposal facilities as well as hauling assets.
“The strategic value of this acquisition is a game changer for Meridian Waste,” said CEO Walter “Wally” Hall in a statement. “The opportunity to purchase a very viable C&D landfill in a dynamic growth market such as Raleigh-Durham and to have multiple transfer station assets to help feed volumes to both the Shotwell C&D Landfill as well as the existing Meridian Waste Lunenburg MSW Landfill in southern Virginia is transformational. This enhances the margin performance of our company’s existing assets and adds revenue producing resources to our disposal portfolio in a booming geographic economy.”
“The King family members of the Shotwell Companies are exactly the type of private, savvy entrepreneurs we find ideal to partner with to expand the footprint and growth opportunities for Meridian Waste,” added Hall. “We are pleased they will continue to work with us post-closing to maximize the expansion prospects for the company in North Carolina.”
The expansion into North Carolina exhibits Meridian Waste’s further advancement into the South with collection and disposal operations now within six states.