Republic Services Inc (NYSE: RSG) has completed its previously announced purchase of Tervita LLC, the U.S. subsidiary of Canadian environmental waste solutions provider Tervita Corp. The financial terms of deal were not published. Republic Services, a U.S. recycling and non-hazardous solid waste company, said the acquisition will support its expansion into the energy exploration and production waste sector. Since 2007, the Calgary-based Tervita has been backed by a number of Canadian and U.S. private equity investors, including CAI Private Equity, Kelso & Co and Vestar Capital Partners.
Republic Services Acquires Tervita, LLC
PHOENIX, Feb. 17, 2015 /PRNewswire/ — Republic Services, Inc. (NYSE: RSG) announced today the completion of its acquisition of Tervita, LLC, a leading environmental waste solutions provider serving oil and natural gas producers in the United States. Tervita, LLC’s assets complement Republic’s existing E&P business, and provide customers with vertically integrated oilfield waste services across a geographic footprint spanning some of the most attractive domestic basins, including the Permian, Eagle Ford and Bakken.
“We are pleased that we were able to quickly close this transaction and believe this acquisition establishes a significant platform for us to expand into the E&P sector,” said Brian Bales, executive vice president, Business Development. “We look forward to serving our new customers, as well as expanding our product portfolio to our existing E&P customer base.”
About Republic Services:
Republic Services, Inc. (NYSE: RSG) is an industry leader in U.S. recycling and non-hazardous solid waste. Through its subsidiaries, Republic’s collection companies, recycling centers, transfer stations and landfills focus on providing effective solutions to make proper waste disposal effortless for their commercial, industrial, municipal, residential and oilfield customers. We’ll handle it from here.TM, the brand’s tagline, lets customers know they can count on Republic to provide a superior experience while fostering a sustainable Blue PlanetTM for future generations to enjoy a cleaner, safer and healthier world.
For more information, visit the Republic Services website at republicservices.com. “Like” Republic on Facebook at www.facebook.com/RepublicServices and follow on Twitter @RepublicService.
SOURCE Republic Services, Inc.
Photo courtesy of Republic Services Inc