Veolia ES Solid Waste, Inc. has signed an agreement with Allied Waste Industries to acquire certain of Allied’s integrated solid waste landfill and collection assets in the east-central and southeastern United States.
The assets include a collection company and landfill near Claypool, Indiana; collection operations and two landfills in eastern Kentucky; a solid waste collection company and landfill in Wayne County, Illinois; and four solid waste collection companies, two transfer stations and a landfill in west-central Georgia.
These operations are expected to generate approximately $54 million in revenue in 2007. Completion of the acquisition is subject to final regulatory approvals and other customary closing conditions.
“These operations will provide Veolia with four new, vertically integrated service platforms that will further expand the company’s presence in southern Illinois, and establish our presence in northern Indiana, eastern Kentucky and west-central Georgia. The five landfills contain an aggregate of nearly 70 million cubic yards of permitted landfill airspace,” said Richard Burke, President and COO of Veolia ES Solid Waste, Inc.
Mr. Burke added that this acquisition “further advances Veolia’s commitment to the active pursuit of acquisitions that expand our vertically integrated solid waste operations throughout North America, thereby enabling us to extend the Veolia Environmental Services brand of exceptional solid waste services across an increasing customer base.”
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