Dive summary:
- Waste Connections Inc. completed its purchase of R360 Environmental Solutions yesterday for $1.3 billion.
- The all cash deal is expected to add 28% to Waste Connections overall revenue stream.
- R360 headquartered in Huston, Texas, operates 26 facilities across Louisiana, New Mexico, North Dakota, Oklahoma, Texas and Wyoming.
From the article:
Waste Connections Inc. completed the acquisition of R360 Environmental Solutions Inc. today.
The all-cash deal, announced last month, was valued at $1.3 billion and is expected to add about 28% to the company's overall revenue stream. The new business will contribute about 400 basis points, or 4%, to the company's consolidated earnings before interest, taxes, depreciation and amortization. ...