Meridian Waste, an integrated, non-hazardous solid waste services company, announces that it has signed a definitive purchase agreement to acquire the equity interests of Shotwell Landfill, Inc., Shotwell Transfer Station II, Inc., Capitol Waste Transfer, LLC, Capital Recycling, LLC and Morrisville Transfer Station LLC throughout the greater Raleigh, NC marketplace.聽 The stock purchase agreement is scheduled to close within 90 days.聽This will be Meridian Waste鈥檚 first acquisition within North Carolina and the 11th acquisition since the company transitioned to private stock under the ownership of Warren Equity Partners (WEP) in April 2018.
Meridian Waste North Carolina, LLC is acquiring the Shotwell construction and demolition debris (C&D) landfill located at 4724 Smithfield Road, Wendell, North Carolina 27591, the Shotwell Transfer Station II (C&D) located at 1506 N Salem St, Apex, NC 27502, the Capitol Waste Transfer Station (C&D) located at 424 Warehouse Drive, Raleigh, NC聽 27610and the municipal solid waste (MSW) transfer station known as the (under construction) Morrisville Transfer Station located immediately north of 222 International Drive, Morrisville, NC 27560. The purchase will also include disposal and commercial contracts associated with the disposal facilities as well as hauling assets.
鈥淭he strategic value of this acquisition is a game changer for Meridian Waste,鈥� stated Walter 鈥淲ally鈥� Hall, Chief Executive Officer.聽 鈥淭he opportunity to purchase a very viable C&D landfill in a dynamic growth market such as Raleigh-Durham and to have multiple transfer station assets to help feed volumes to both the Shotwell C&D Landfill as well as the existing Meridian Waste Lunenburg MSW Landfill in southern Virginia is transformational.聽This enhances the margin performance of our Company鈥檚 existing assets and adds revenue producing resources to our disposal portfolio in a booming geographic economy鈥�, he said.聽 鈥淭he King family members of the Shotwell Companies are exactly the type of private, savvy entrepreneurs we find ideal to partner with to expand the footprint and growth opportunities for Meridian Waste.聽 We are pleased they will continue to work with us post-closing to maximize the expansion prospects for the company in North Carolina.鈥�
The expansion into North Carolina exhibits Meridian Waste鈥檚 further advancement into the South with collection and disposal operations now within six states.