Meridian Waste, backed by Jacksonville Beach-based equity firm Warren Equity Partners, has acquired three companies located in the greater Blacksburg and Christiansburg, Virginia marketplace: Bob’s Refuse Service, New River Container and Resource Management Group. The acquisitions will be operating under the Meridian Waste/CFS Group Blue Ridge company banner.
An integrated, non-hazardous solid waste services company headquartered in Greensboro, Georgia, Meridian Waste will now provide environmental waste services to approximately 1,650 new commercial customers and 550 new residential customers from the company’s existing Christiansburg, Virginia location. In addition, the asset purchases include a fully permitted and operating construction and demolition debris material recycling facility located in Radford, Virginia.
“This acquisition presented a strong hauling company tuck-in opportunity as well as a new construction and demolition (material recycling facility) operating asset to strengthen our collections and processing footprint in Southwestern Virginia,” Meridian Waste CEO Wally Hall said. “As a company, we are focused on growth in both existing and new markets while staying committed to servicing our customers, caring for our employees, all while delivering a clean and healthy community to those whom we serve. We look forward to servicing our newest Virginia customers with quality service and care, and we welcome our new 17 employees onto the Meridian Waste/CFS Group Blue Ridge team of waste professionals.”
Steven Wacaster, managing partner at Warren Equity Partners, added: “We are excited to have completed four add-on acquisitions to the Meridian Waste platform in our first three months of ownership. We believe that the Blacksburg-Christiansburg market offers tremendous growth potential and that these assets are a great fit for our vertically-integrated Virginia operations. We look forward to continuing to expand Meridian’s geographic reach through add-on acquisitions and greenfield expansions.”
