(Courtesy of Jacksonville Business Journal)
Meridian Waste, a non-hazardous solid waste services company, has acquired three Virginia-based companies. The acquisitions were fueled by Warren Equity Partners, a Jacksonville Beach-based private equity firm.
Georgia-based Meridian acquired Bob’s Refuse Service, New River Container and Resource Management Group, all of which will now operate under Meridian Waste/CFS Group Blue Ridge. These acquisitions add 1,650 new commercial customers and 550 new residential customers to Meridian’s existing Virginia location. The company also gained a Material Recycling Facility through the acquisitions.
“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,” Meridian CEO Wally Hall said in a statement. “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.”
Meridian has now made four acquisitions in the first three months of Warren Equity Partners’ 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,” Steven Wacaster, managing partner of Warren Equity Partners, said in a statement. “We look forward to continuing to expand Meridian’s geographic reach through add-on acquisitions and greenfield expansions.”
