PE-backed Meridian Waste buys Partner Disposal


Meridian Waste, which is backed by Warren Equity Partners, has acquired Florida-based Partner Disposal, a provider of solid waste services. No financial terms were disclosed.

PRESS RELEASE

JACKSONVILLE, FL. (September 28, 2018) – Meridian Waste, an integrated, non-hazardous solid waste services company, announced its asset acquisition of Partner Disposal, which provides solid waste services in the greater Jacksonville, FL market. The acquisition comes on the heels of Nassau County approving Meridian Waste for a commercial and residential hauler’s permit earlier this month.
Meridian Waste will now provide environmental waste services to approximately 300 new commercial customers and 3,500 new residential customers in the Jacksonville area. The Company will operate from two North Florida facilities, including Partner Disposal’s existing location at 463106 FL 200 in Yulee, Fla. and the Company’s new Jacksonville commercial hauling location, located at 1777-C N. McDuff Ave.

“We are excited to be back in Florida,” said Wally Hall, CEO of Meridian Waste. “While this is a new market for Meridian Waste, it’s certainly not a new market for our leadership team. We remain focused on staying nimble and taking advantage of opportunities to serve more customers with quality environmental services. Partner Disposal has a strong management and operational team that has proven its ability to provide stellar services in a competitive market.”

“We are excited to enter the fast-growing Jacksonville market through the acquisition of Partner Disposal,” said Michael Zhang, Vice President at Warren Equity Partners. “We believe that Jacksonville is a great fit for our vision to build Meridian Waste into a leading waste services company throughout the Southeastern United States.”

Since Warren Equity Partners acquired Meridian Waste in April 2018, the Company has expanded outside of its operations in St. Louis, MO, and Richmond, VA. into new service areas in Augusta, GA; Macon, GA; Blacksburg, VA; and now Northeast Florida. Partner Disposal is Meridian Waste’s fifth add-on acquisition under Warren Equity Partners’ ownership.

About Meridian Waste
Headquartered in Greensboro, GA, Meridian Waste is a company defined by our commitment to servicing our customers, caring for and engaging our employees and generating financial value for our shareholders while delivering a clean and healthy community. We are proud to be called garbage men and women with our core waste business centered on residential, commercial and industrial non-hazardous waste collection and disposal. Currently, the Company operates in St. Louis, MO; Richmond, VA; Blacksburg, VA; Augusta, GA; Macon, GA; and Northeast Florida servicing over 143,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll-off trucks, the Company operates two transfer stations, two recycling facilities, and three municipal solid waste landfills in which we safely dispose of 685,800 tons of waste annually. For more information, visit MeridianWaste.com.

About Warren Equity Partners
Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial, infrastructure, and business services sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.

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