Advanced Disposal files for $100 million IPO

Pricing terms were not disclosed.


ADS Waste Holdings Inc., which operates as Advanced Disposal, Ponte Vedra, Florida, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

Filed Friday, Aug. 21, the company says the IPO could raise up to $100 million, according to Renaissance Capital. The global IPO investment adviser says on its website, www.renaissancecapital.com, that Advanced Disposal, which was founded in 2000 and booked $1.4 billion in sales for the 12 months ended June 30, 2015, plans to list under the symbol ADSW.

Deutsche Bank Securities, Credit Suisse and Barclays are acting as lead book-running managers in the proposed offering. Additional book-running managers are BofA Merrill Lynch, Macquarie Capital, Morgan Stanley and UBS Investment Bank. Wells Fargo Securities and First Analysis Securities Corp. are acting as co-managers in the proposed offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained, when available, from: Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York, 10005; by telephone at 800-503-4611; or by emailing prospectus.cpdg@db.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010; by telephone at (800) 221-1037; or by emailing newyork.prospectus@credit-suisse.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, New York, 11717; by telephone at (888) 603-5847; or by emailing barclaysprospectus@broadridge.com.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Advanced Disposal bill itself as the largest privately owned environmental services company in the U.S., providing integrated, nonhazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers in 18 states and the Bahamas.