By Carolina Curiel (ScrapMonster Author)
January 12, 2016 07:41:34 AM
MIAMI (Scrap Monster): Waste Management Inc. (WM) has announced acquisition of key business assets in Florida. The company has acquired some assets belonging to Florida-based Southern Waste Systems and Sun Recycling.
The Houston-based company has acquired assets including residential, commercial, and industrial solid waste collection, processing/recycling and transfer operations, equipment, vehicles, real estate and customer agreements.
The deal also includes four properties- The 22.7-acre site with a 4,000-square-foot building at 4900 S.W. 29th St. in Davie, The 3.6-acre site with a 38,888-square-foot building at 1750 S.W. 43rd Terrace in Deerfield Beach, The 4.9-acre site with a 36,000-square-foot building at 790 Hillbrath Drive in Lantana and The 6.3-acre site with a 7,500-square-foot building at 6911 Wallis Road near West Palm Beach. According to reports, WM has paid $22.19 million for the four properties.
The acquisition is part of WM’s strategy to focus on core business activities. The new business assets will help WM to better serve its customers throughout South Florida.
Southern Waste Systems and Sun Recycling are independently owned and operated service providers with twelve locations in South Florida. The company initially grew as a hauling, waste and recycling company in the construction and demolition sector. It was founded in 1999 with one location and 30 employees in Pompano Beach, Florida. SWS and its sister company, Sun Recycling, expanded geographically in southeast Florida, adding processing locations, transfer stations and routes. As the company evolved, it also started hauling and processing municipal solid waste and household recyclables and in 2012 it added a metal recycling operation.
Waste Management is a leading provider of comprehensive environmental solutions services in North America, serving more than 21 million customers in the U.S. and Canada. The company y which had managed more than 15 million tons of recyclable material in 2014, aims to manage more than 20 million tons per annum by 2020.
