Dive summary:
- Interstate Waste Services Inc. announced Tuesday night that effective Sept. 1, managerial and financial control of the company will now be taken over by Advanced Disposal Services Inc.
- The acquisition of Interstate Waste is a part of a larger plan that also involves the $1.91 purchase of Veolia ES Solid Waste later this year.
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The new consolidated Advanced Disposal, following the Veolia and Interstate closing, will be the largest privately held waste and recycling business in the United States, operating in 20 states and the Bahamas, serving more than 1.8 million residential customers and more than 200,000 commercial and industrial customers, and generating an estimated $1.4 billion in annual revenues.
From the article:
Advanced Disposal Services Inc. is folding Interstate Waste Services Inc. into its operations ahead of its purchase of Veolia ES Solid Waste Inc.
Advanced Disposal, of Jacksonville, Fla., announced late Tuesday that it had taken "managerial and financial control " of Interstate Waste, of Basking Ridge, N.J. Both are owned by Highstar Capital, a private investment firm. ...
