Waste hauler PDC Services Inc. has purchased Melton Trucking Service, based in Groveland, Ill., for an undisclosed amount.
Melton Trucking provides commercial frontload container service in Illinois for the city of Peoria and Tazewell County, the Peoria-based PDC said in a news release.
Melton Trucking provides container services for commercial businesses and recycling customers. The company started 46 years ago and was owned and operated by Bob, Joan and Bobby Melton.
“This addition further expands our environmental services to businesses in the Peoria area,” said Matt Coulter, vice president of sales for PDC. “We are very pleased to acquire this great family-owned operation to be blended in with our PDC operation.”
PDC is the sister company of Area Disposal Service Inc. In March Area bought Captain Hook Inc., a Peoria-based waste roll-off container business that serves Peoria and other central Illinois regions. In November of last year Area purchased two waste hauling businesses in Hannibal, Mo.–Campbell Disposal Services Inc. and Right Way Disposal Inc., which both provide residential and commercial collection for Hannibal as well as rural Marion and Ralls counties.
Other acquisitions already this month by smaller haulers include Red River Waste Solutions LP buying Marvin Konfrst Trash Service (MKTS), Glenwood, Iowa; and Corpus Christi, Texas-based K2 Waste Solutions purchasing waste and recycling hauler LT’s Garbage Service, based in Dayton, Texas.
In her June Waste360 Business Insights column, industry financial analyst Leone Young wrote of her impressions from WasteExpo 2015 that the bigger companies believe that high seller expectations for valuations on acquisitions is a stumbling block to more deals getting done.