Advanced Disposal expands Indiana operations with new acquisition
- Advanced Disposal has acquired CGS Services, Inc., "an integrated environmental services company" based in Morristown, IN, for an undisclosed amount.
- CGS covers 14 counties in central and eastern Indiana, offering a range of waste and recycling collection services as well as asphalt production and other aggregate products.
- The company's assets are estimated to generate close to $30 million in annual revenue.
This family-owned business was started in 1946 and entered the waste industry in 1971 when they received their first landfill permit. In addition to standard waste offerings, the company has also attracted attention for having a sizable herd of cattle that is fed in part by recovered food from local manufacturers. Recently, CGS has been working with the city of Shelbyville to start a curbside recycling program with help from a new round of state grants.
"CGS is an established operation in a secondary market that fits perfectly with our market selection strategy and gives us a new platform to continue to grow our business," said CEO Richard Burke of Advanced in a press release.
Since a successful IPO last fall, Advanced has been active with expansion efforts. In Florida, the company was awarded a large contract in Polk County and has fought a decision by the town of Jupiter to award a separate contract to Waste Management. Last month, Advanced also reached an agreement with Kentucky's state government over illegal dumping at the Blue Ridge Landfill in 2015 which had been an ongoing issue for the company.
Follow Cole Rosengren on Twitter