WCA Expands Through Operating Agreement, Acquisition

WCA Waste Corp., based in Houston, has entered into an operating agreement with Stoughton Recycling Technologies (SRT) with an option to purchase the company.

WCA Waste Corp., based in Houston, has entered into an operating agreement with Stoughton Recycling Technologies (SRT) with an option to purchase the company. SRT is a construction and demolition recycling and transfer station based in Stoughton, Mass. The facility is located 3 miles from WCA’s Champion City Recovery (CCR) transfer station in Brockton, Mass.

WCA says SRT and its processing capabilities complement CCR by maximizing recycling tonnage. CCR will continue to handle the post-processed residual material, which is rail hauled to WCA-owned Sunny Farms landfill in Ohio.

WCA says the agreement will position the company to increase the volumes recycled, internalize increased disposal tons and work with the commonwealth of Massachusetts in becoming a leader in C&D recycling.

WCA also has completed the acquisition of certain assets of Emerald Waste Services in Florida. The assets include one transfer station and three hauling operations in central Florida consisting of 117 residential, commercial and roll-off routes servicing seven counties and 113,500 customers in the Gainesville, Orange City and Daytona Beach areas.

The assets being acquired generate about $30 million in annual revenue and employ 220 people.

WCA and Emerald agreed to close the purchase and sale of Emerald’s Central Florida assets and entities.

WCA says it has identified further growth opportunities within these market areas.

Tom Fatjo Jr., chairman and CEO of WCA Waste Corp., says, “We are excited about the acquisition and the opportunities for growth in these market areas. We remain focused on growing WCA by acquiring tuck-in operations in our existing markets, and acquiring companies in new markets.” He continues, “We are actively pursuing other acquisition candidates and hope to announce additional transactions in the near future.”

 

March 2011
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