Divestiture Days

Firms buy assets that Feds ordered Republic to sell.

Stephen Ursery, Editor, Waste Age Magazine

April 1, 2009

1 Min Read
Divestiture Days

In early April, Advanced Disposal Services acquired a portion of the assets that the federal government ordered Republic Services to sell following the firm's recent merger with Allied Waste Services. The purchase follows acquisitions of divested Republic/Allied assets by Folsom, Calif.-based Waste Connections.

Jacksonville, Fla.-based Advanced Disposal acquired 13 commercial waste collection routes and two municipal solid waste (MSW) transfer stations in the metropolitan Atlanta area. The commercial operations include front-load routes in Gwinnett, Hall and Walton counties. The transfer stations, located in Gwinnett and Cobb counties, also accept construction and demolition debris.

“This transaction represents Advanced Disposal's continued growth in existing markets to better optimize our Atlanta collection operations and greater disposal internalization through the two MSW transfer stations,” said Charlie Appleby, the firm's CEO, in a press release.

In March, Waste Connections reached an agreement to buy the Potrero Hills Landfill in Suisun City, Calif., from Phoenix-based Republic. Terms of the transaction, which is expected to close in the second quarter of this year, were not disclosed.

Earlier this year, Waste Connections agreed to purchase a variety of divested assets from Republic for $310 million. The agreement includes six MSW landfills, three collection operations and three transfer stations in seven markets. The markets are Southern California; Charlotte, N.C.; Denver; Flint, Mich.; Greenville/Spartanburg, S.C.; Houston; and Lubbock, Texas. The sale also is expected to close in the second quarter. Waste Connections says the 12 assets will generate nearly $110 million of revenue each year.

About the Author(s)

Stephen Ursery

Editor, Waste Age Magazine, Waste360

Stephen Ursery is the editor of Waste Age magazine. During his time as editor, Waste Age has won more than 20 national and regional awards. He has worked for Penton Media since August 1999. Before joining Waste Age as the magazine's managing editor, he was an associate editor for American City & County and for National Real Estate Investor.

Prior to joining Penton, Stephen worked as a reporter for The Marietta Daily Journal and The Fulton County Daily Report, both of which are located in metro Atlanta.

Stephen earned a BA in History from Rhodes College in Memphis, Tenn.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like