Dive summary:
- The $1.91 billion acquisition of Veolia ES Solid Waste by Advanced Disposal finalized today with expectations to announce a headquarters location by the end of the month.
- The merger is the largest in the industry in the past four years, combined, the company operates in 20 states and generates $1.4 billion in annual revenue.
- Under orders from the Department of Justice, the companies must divest three transfer stations in New Jersey; a landfill and two transfer stations in Georgia; and three commercial waste collection routes in France for the companies to merge.
From the article:
Advanced Disposal Services Inc. said Tuesday that it has completed its $1.9 billion acquisition of Veolia ES Solid Waste Inc., a Milwaukee-based waste management company, but the merged company has made no decision yet on where its headquarters would be located.
The deal is the largest industry transaction in four years, Advanced Disposal said, and creates a waste management giant with operations in 20 states and $1.4 billion in annual revenue. ...