Meridian Waste acquires three companies
Meridian Waste, Greensboro, Georgia, announced its asset acquisitions of Bob’s Refuse Service, New River Container and Resource Management Group on Aug. 2. All the companies are located in the greater Blacksburg and Christiansburg, Virginia, marketplace. The acquisitions will operate under the Meridian Waste/CFS Group Blue Ridge company banner.
Meridian Waste will now provide environmental waste services to approximately 1,650 new commercial customers and 550 new residential customers from the company’s existing Christiansburg location. In addition, the asset purchases include a fully permitted and operating construction and demolition (C&D) debris material recycling facility (MRF) in Radford, Virginia.
“This acquisition presented a strong hauling company tuck-in opportunity as well as a new construction and demolition MRF operating asset to strengthen our collections and processing footprint in southwestern Virginia,” Wally Hall, CEO of Meridian Waste, says. “As a company, we are focused on growth in both existing and new markets while staying committed to servicing our customers, caring for our employees [and] delivering a clean and healthy community to those whom we serve. We look forward to servicing our newest Virginia customers with quality service and care, and we welcome our new 17 employees onto the Meridian Waste/CFS Group Blue Ridge team of waste professionals.”
“We are excited to have completed four add-on acquisitions to the Meridian Waste platform in our first three months of ownership,” Steven Wacaster, managing partner at Jacksonville Beach, Florida-based Warren Equity Partners, says. Warren Equity Partners is a private equity firm backing Meridian Waste. “We believe that the Blacksburg/Christiansburg market offers tremendous growth potential and that these assets are a great fit for our vertically integrated Virginia operations. We look forward to continuing to expand Meridian’s geographic reach through add-on acquisitions and greenfield expansions.”