Meridian Waste, an integrated, non-hazardous solid waste services company based in Greensboro, Georgia, announced its asset acquisition of two construction and demolition landfills located in Knoxville, Tennessee today. Poplar View Landfill, located at 1730 McMillan Station Road, and Riverside Landfill, located at 3330 Delrose Drive, both have easy access to downtown, major highways and area construction projects.
Meridian acquired the landfills from Knoxville Landfills, LLC, which was advised on the sale by Capstone Headwaters, an independent investment banking firm based in Boston.
“The Knoxville market presents an attractive expansion opportunity due to its strong economic outlook, record levels of commercial and business development and steady population growth,” says Wally Hall, CEO of Meridian Waste. “With our purchase of the only high-capacity landfills in the Knox County region, we are well-positioned to grow our market share and become a vital community partner and employer for the landfill’s existing employees.”
Poplar View Landfill and Riverside Landfill accept the following waste types: appliances (without compressors), asphalt, cardboard, common construction material, dirt, rock, concrete, furniture, metal, paper, shingles, roofing materials, wiring, brush and other landscaping waste, carpet, flooring, drywall, insulation, non-friable asbestos, plastic and wood.
Upon Jacksonville-based private equity firm Warren Equity Partners taking Meridian Waste private in April, the company has expanded outside its previous core operations in the St. Louis, Missouri, and Richmond, Virginia, marketplaces into new service areas in Northeast Florida, Augusta and Macon, Georgia, and now, Knoxville. The company will continue to pursue growth opportunities as it identifies and executes upon strategic acquisitions, local government contracting openings and organic growth through sales and service.
Boston-based Capstone Headquarters recently announced that it advised Knoxville Landfills, LLC on its sale to Meridian Waste. Capstone says terms of the deal were not disclosed.