Waste Services, Inc. has signed definitive agreements to acquire Liberty Waste, LLC and Sun Country Materials, LLC to expand its operations in the Tampa, Fla., market. Liberty Waste is a collection operation based in Tampa with two transfer stations located in Tampa and Clearwater.
The transfer stations are permitted to accept construction and demolition and Class III waste volumes. Sun Country Materials owns a construction and demolition landfill in Hillsborough County, Florida that is seeking an expansion permit. These acquisitions will complement Waste Services' existing operations in the Tampa market. In addition, the combined collection operations of Waste Services and Liberty Waste will be able to internalize construction and demolition waste volumes into the acquired landfill.
The purchase price for the two businesses is $38.5 million.
David Sutherland-Yoest, chairman and CEO of Waste Services, stated, "We are pleased to announce the acquisition of Liberty Waste and Sun Country Materials, which will strengthen our presence in the Tampa, Florida market, allow us to become vertically integrated in a market where we had not been previously, and provide attractive returns on invested capital for our shareholders."
Chris Valerian, president of Liberty Waste and Sun Country Materials, stated, "We look forward to working with our new partner, Waste Services, to grow our combined business in the Tampa market."