Meridian Waste announces North Carolina acquisition

Meridian Waste, an integrated non-hazardous solid waste services company based in Charlotte, North Carolina, announced it has signed a definitive purchase agreement to acquire the equity interests of the Raleigh, North Carolina-based Shotwell Landfill Inc., Shotwell Transfer Station II Inc., Capitol Waste Transfer LLC, Capital Recycling LLC and the Morrisville Transfer Station LLC. Collectively, these assets are under the banner of the Shotwell Companies.

The stock purchase agreement is scheduled to close within 90 days. This will be Meridian Waste’s first acquisition within North Carolina and the 11th acquisition since the company transitioned to private stock under the ownership of Warren Equity Partners (WEP) in April 2018.

The acquisition includes Shotwell’s construction and demolition (C&D) landfill and C&D transfer stations with the purchase of the Shotwell Transfer Station II Capitol Waste Transfer Station. Additionally, the purchase includes the Morrisville Transfer Station, which is a municipal solid waste (MSW) transfer station that is currently under construction. The purchase will also include disposal and commercial contracts associated with the disposal facilities as well as hauling assets.

“The strategic value of this acquisition is a game-changer for Meridian Waste,” Walter Hall, CEO of Meridian Waste, says. “The opportunity to purchase a very viable C&D landfill in a dynamic growth market such as Raleigh-Durham, and to have multiple transfer station assets to help feed volumes to both the Shotwell C&D landfill as well as the existing Meridian Waste Lunenburg MSW Landfill in southern Virginia, is transformational. This enhances the margin performance of our company’s existing assets and adds revenue-producing resources to our disposal portfolio in a booming geographic economy. The King family members of the Shotwell Companies are exactly the type of private, savvy entrepreneurs we find ideal to partner with to expand the footprint and growth opportunities for Meridian Waste. We are pleased they will continue to work with us post-closing to maximize the expansion prospects for the company in North Carolina.”

According to the company, the expansion into North Carolina reinforces Meridian Waste’s commitment to expand in the South. The company now owns collection and disposal operations within six states.