Wheelabrator acquires Charles George Cos. Inc.

Wheelabrator acquires Charles George Cos. Inc.

CGC specializes in residential, commercial and industrial waste collection as well as C&D material disposal and recycling.

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July 9, 2020

Wheelabrator Technologies, with U.S. headquarters in Portsmouth, New Hampshire, has announced that it has acquired Londonderry, New Hampshire-based Charles George Companies Inc. (CGC).

CGC specializes in residential, commercial and industrial waste collection as well as construction and demolition (C&D) material disposal and recycling. To meet its disposal and recycling objectives, CGC operates Fitchburg, Massachusetts-based AKS Recycling Inc., a 7.5-acre transfer station and recycling facility. According to the company, it processes 5,000 tons per month out of its 30,000-square-foot material recycling facility (MRF) at the site. The company also offers temporary dumpster, roll-off and compaction equipment rental.

“I am pleased to announce that last week on July 1, Wheelabrator Technologies reached financial close on the purchase of Charles George Companies Inc., a family-owned and operated waste disposal and recycling business well-known for delivering high-quality customer service in Massachusetts and New Hampshire since its start in 1959,” Wheelabrator Technologies President and CEO Bob Boucher told Waste Today. “I would like to welcome CGC and its employees into our Wheelabrator family. CGC is a third-generation waste business led by Christopher Karras and Karen George. The company has grown substantially in recent years beyond transport and sustainable waste removal to include a variety of waste management, sorting and recycling services across New England. We appreciate the confidence the family has placed in us to run their business in the future under the guidance of Wheelabrator management. This transaction represents our entry into the collections business in New Hampshire and Massachusetts.”

Wheelabrator is a vertically integrated business with collection, transfer and disposal capacity. This includes waste-by-rail, landfill and waste-to-energy assets supported by a team of 1,700 employees.

Altogether, the company says it owns or operates roughly 40 strategically located assets in the U.S. and the U.K. These assets include its Stamford, Connecticut-based Tunnel Hill Partners and City Hill Carting & Recycling locations. Wheelabrator and Tunnel Hill Partners were acquired independently by Macquarie Infrastructure & Real Assets, the New York City-based division of Macquarie Asset Management, last year “with plans for future growth,” the company notes.