- Ponte Vedra, FL-based ADS Waste Holdings Inc., which operates as Advanced Disposal, has filed with the U.S. Securities and Exchange Commission relating to the proposed inital public offering of its common stock to raise up to $100 million.
- The number of shares to be offered and the price range have not yet been determined. Deutsche Bank Securities, Credit Suisse and Barclays are acting as lead book-running managers in the proposed offering. Wells Fargo Securities and First Analysis Securities Corp. are acting as co-managers.
The provider of solid waste services, which was founded in 2000 and booked $1.4 billion in sales for the 12 months ended June 30, 2015, plans to list under the symbol ADSW.
ADS has been on a shopping spree this year, adding seven firms, including Smethport, PA-based CF Burdick Trucking.
With this move, ADS is likely looking for room to expand even more with additional funding from an IPO.