Dive summary:
- Waste Services of Florida Inc., a subsidiary of Progressive Waste Solutions, has acquired Choice Environmental Services Inc. for $123.25 million in cash.
- Choice Environmental is based in Fort Lauderdale and serves more than 150,000 residential and 7,500 commercial customers in Southern and Central Florida, which will help expand Waste Services current service area in Florida.
- Choice annually generates about $72 million with six collection operations, one municipal solid waste transfer station and one materials recycling facility.
From the article:
As one of the largest independent waste and recycling service providers in Florida, Choice Environmental brings residential, commercial and industrial collection operations, along with transfer and material recovery facilities, that are well-positioned in southern and central Florida," says Joseph Quarin, vice chairman and CEO of Progressive Waste Solutions. "We are very pleased to add these assets, which strongly complement our existing collection and disposal footprint in Florida, to our growing network." ...
