Waste Services, Inc. has signed definitive agreements to acquire a construction and demolition waste landfill from Southwest Land Developers, and Pro Disposal, Inc. to expand its operations on the Florida Gulf coast.
Pro Disposal is a roll-off collection operation based in Collier County with two transfer stations, located in Naples and Ft. Myers, both permitted to accept construction and demolition waste.
The C&D landfill, in Charlotte County, has a permitted capacity of 15.8 million cubic yards and is expected to open by the end of this year.
The purchase price for the two businesses is $75 million. Both transactions are subject to certain customary closing conditions and are expected to be completed by the end of the year.
David Sutherland-Yoest, Waste Services chairman and CEO, stated, "These acquisitions geographically extend our Florida base, enhancing our disposal based strategy. The collection operations and two transfer stations of Pro Disposal will link directly with our newly acquired permitted landfill and we will be able to internalize 100 percent of Pro Disposal volumes into our new landfill."
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