The Environmental Services team at Livingstone is pleased to announce the divestment by its client, Emerald Waste Services, LLC, of certain solid waste hauling and transfer station assets to WCA Waste Corporation. Emerald is a leading regional non-hazardous solid waste management company engaged in collection, transport, transfer, and disposal services to approximately 139,000 commercial, residential, and roll-off customers across 21 counties throughout Florida, Mississippi and Alabama.
WCA is a vertically integrated, non-hazardous solid waste management group providing collection, transfer, processing, and disposal services in the south and central regions of the United States. WCA acquired the Emerald’s central Florida transfer station and hauling operations, consisting of 117 residential, commercial and roll-off routes servicing seven counties in Gainesville, Orange City and Daytona Beach. The total assets being acquired generate approximately $31 million of annual revenue and consist of 220 employees.
“We’re proud to have advised Emerald on a successful and strategic sale, our second advisory role for them in recent years” commented Partner at Livingstone Chicago Steve Miles. “Consistent with WCA’s growth strategy, Emerald provides it with a strong foothold in the central Florida waste market.”
Emerald is a legacy client of the firm, and the deal closing represents another in a long line of significant transactions in the waste sector. Livingstone’s professionals have previously advised on the sales of Interstate Waste Services and Winters Bros., and are currently active on three other engagements in this rapidly rebounding and robust market.