Republic Services Inc., headquartered in Phoenix, has announced the acquisition of Rainbow Disposal Co. Inc., one of the largest independent solid waste companies in Southern California.
Republic Services says the deal continues its plan to expand its business in Southern California with targeted acquisitions. The acquired company has hauling routes in Huntington Beach, Fountain Valley, Midway City, Westminster, Orange County, Newport Beach and Irvine. Rainbow also has a recycling facility, a transfer station, a compressed natural gas (CNG) refueling station and a vehicle fleet powered by CNG.
“Rainbow Disposal's highly favorable and growing market position, long-term franchise agreements and diversified service offering will make a strong addition to Republic Services," says Brian Bales, executive vice president of business development. "Through this acquisition, we are further enhancing our recycling and waste diversion capabilities, which will allow us to better serve California's growing sustainability initiatives.”
As part of the transaction, Republic Services notes, the primary principals at Rainbow Disposal, Jerry Moffatt and Jeff Snow, have joined Republic Services and will now lead a newly created business unit of the company. The new business unit will continue to serve residential and commercial customers, providing waste collection, transfer, disposal, diversified material recovery/recycling and organic composting.
"For over 50 years, Rainbow Disposal has offered thousands of customers across Southern California solutions to their waste disposal needs. We are now pleased to be a part of the industry-leading team at Republic Services, as both companies have strong values and a commitment to customer service, innovation and sustainability,” says Moffatt.
"We have prided ourselves on providing the highest levels of customer service and community engagement while at the same time focusing on being an employer of choice to our team of 350 dedicated employees. We look forward to continuing this great tradition under the Republic flag," Snow says.
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