PE-backed Meridian Waste buys WCA’s hauling assets in Knoxville


Meridian Waste, which is backed by Warren Equity Partners, has acquired hauling assets of Waste Corporation of Tennessee LLC in the Knoxville, Tennessee. No financial terms were disclosed.

PRESS RELEASE

KNOXVILLE, Tenn. (April 1, 2019) – Meridian Waste, an integrated, non-hazardous solid waste services company (the “Company”), announced it has purchased the hauling assets of Waste Corporation of Tennessee, LLC (WCA), in the Knoxville, TN marketplace. The assets include vehicles, containers and customer contracts. The acquired assets will be housed out of Meridian Waste’s newest hauling location at 6236 Rutledge Pike in Knoxville, 2.7 miles south of the Company’s Poplar View Landfill.

“Adding rolling stock and collection operations to our Knoxville market will allow us to internalize waste into our Class III disposal sites at Riverside Landfill and Poplar View Landfill,” said Wally Hall, CEO of Meridian Waste. “Now that we are vertically integrated in the Knoxville market, we look forward to providing a full-service solution to our customer base, and our new customers can be confident that we will provide uninterrupted service post-acquisition.”

This purchase represents the seventh acquisition since Warren Equity’s acquisition of Meridian Waste in April 2018.

New Meridian Waste customers can contact customer care at (865) 240-3442 or via email at [email protected] Customers are encouraged to sign up for service alerts to be notified by email and or texts about issues such as severe weather events, road closures and holidays affecting their collection schedule. They can sign up at: www.meridianwaste.com/service-alert-signup/.

About Meridian Waste
Headquartered in Greensboro, Ga., Meridian Waste is a company defined by its commitment to servicing its customers, caring for and engaging its employees, and generating financial value for its shareholders while delivering a clean and healthy community. The company’s core waste business is 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., Northeast Florida and Knoxville, Tenn., 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 one transfer station, three recycling facilities, three municipal solid waste landfills and two C&D landfills in which 955,800 tons of waste are safely disposed of 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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