Waste Connections Acquires Divested Republic Assets

Waste Connections, Folsom, Calif., has agreed to purchase approximately $110 million in divested assets from Phoenix-based Republic Services following its merger with Allied Waste.

The agreement is expected to close during second-quarter 2009 and includes six municipal solid waste (MSW) landfills, three collection operations and three transfer stations in seven markets, which include Southern California, Charlotte, N.C., Denver, Flint, Mich., Greenville/Spartanburg, S.C., Houston and Lubbock, Texas.

"This agreement represents the culmination of several months of effort to position Waste Connections for this attractive opportunity," said Ronald J. Mittelstaedt, chairman and CEO of Waste Connections, in a press release. "It's extremely rare to acquire six high volume MSW landfills in a single transaction, We remain actively engaged in negotiations with Republic Services on additional required Department of Justice divestitures."