Date: June 5, 2007
Source: Waste Industries USA, Inc.
Waste Industries USA, Inc. Announces Two Acquisitions
Waste Industries USA, Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company, announced that it has purchased the assets and customers of a residential company in Georgia, and a commercial and industrial hauling company in South Carolina. The two transactions are projected to generate approximately $8.0 million in annualized revenues.
The residential customers and assets acquired from W.A.D.E., Inc. in Dallas, Georgia is a continuation of the company's west-Atlanta market strategy providing services primarily to Douglas, Paulding and Cobb Counties. The waste collected through this acquisition will be internalized 100% into the company's Grady Road landfill.
The company also acquired assets and customers from Grand Strand Disposal located in Conway, South Carolina. This acquisition provides commercial and industrial services to customers primarily in the Conway and Greater Myrtle Beach market and will be integrated into the company's existing Conway operation.
Ven Poole, Vice President, Corporate Development, stated, "We are pleased to have closed these two deals in keeping with our long standing strategic acquisitions plan. Both acquisitions bring with them outstanding people, excellent equipment and valuable customers which will allow us to further our goal to provide outstanding service at reasonable prices."
Waste Industries USA, Inc. is a vertically integrated solid waste services company that provides collection, transfer, disposal and recycling services to commercial, industrial and residential customer locations in the states of North Carolina, South Carolina, Virginia, Georgia, Tennessee and Mississippi.
For more information, visit: www.waste-ind.com.