Meridian Waste Missouri LLC, the St. Louis-based subsidiary of Charlotte, North Carolina-based Meridian Waste, announced the asset acquisition of all roll-off trucks, containers and contracts from Wentzville, Missouri-based Rapid Response Inc. effective Sept. 1. The roll-off assets and associated CDL drivers will be relocated to Meridian Waste’s existing hauling and transfer station operations in Foristell, Missouri.
“Tuck-in acquisitions, such as this asset purchase from Rapid Response, is ideal for our St. Louis marketplace operations,” Bob Mathis, area president, Missouri, for Meridian, says. “The team of professional CDL drivers is a welcome addition to our Meridian waste team, and the additional customer base will not only grow our overall operations and revenue line, but it will also help densify our routing and increase profitability, resulting in improved margin enhancement. It’s a strategic win for Meridian Waste, the customers and Rapid Response, as that company will continue to focus on its continuing business of tractor trailer transportation and other delivery services.”
This asset purchase marks the 12th acquisition since Meridian transitioned to private stock under the ownership of Jacksonville Beach, Florida-based Warren Equity Partners (WEP) in April 2018.
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